India Today - - POLITICS | BJP -

The DAC ap­proval of the SP pol­icy is only the first step in a long process. Or­ders for de­fence hard­ware can be placed only af­ter a process that could take months, if not years

Strate­gic part­ner pol­icy ap­proved by de­fence ac­qui­si­tion coun­cil (May 20, 2017) Clear­ance by cab­i­net com­mit­tee on se­cu­rity (May 24, 2017) Down-se­lec­tion of In­dian strate­gic part­ner in two stages:

Stage 1: Se­lec­tion of In­dian pri­vate sec­tor com­pa­nies on fi­nan­cial, tech­ni­cal and gen­eral cri­te­ria. Con­tenders must have a turnover of at leat Rs 4,000 crore over three years, as well as cap­i­tal as­sets of at least Rs 2,000 crore

Stage 2: List re­duced to around six part­ners who can com­pete for the var­i­ous cat­e­gories For­eign orig­i­nal equip­ment man­u­fac­turer to be short­listed based on ser­vice qual­ity re­quire­ments, tech­nol­ogy trans­fer etc Fi­nal se­lec­tion based on com­bi­na­tion of price bids and seg­ment-spe­cific ca­pa­bil­i­ties of both com­pa­nies Strate­gic part­ner and for­eign OEM to come up with busi­ness plan and present a bid for a par­tic­u­lar item of mil­i­tary hard­ware MoD re­ceives bid from strate­gic part­ner, eval­u­ates it and places an or­der

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