In a special meeting of the Defence Acquisition Council under the Chairmanship of Indian Defence Minister Rajnath Singh on Wednesday has taken a decision to delegate powers for urgent capital acquisition cases up to Rs 300 crores to the Armed Forces in order to meet their emergent operational requirements.
This decision came along over the India China border row, the ministry said, "Considering the security environment due to prevailing situation along the Northern Borders and the need to strengthen the Armed Forces for the Defence of our borders, this decision was taken," adding, "This will shrink the procurement timelines and ensure placement of orders within six months and commencement of deliveries within one year".
