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Saturday, May 11, 2019

Defence Clothing: MoD Goes For 'Make In India' Report By NAP

Defence Clothing https://bestinvestmentpropertyinindia.blogspot.com

The Ministry of Defence(MoD) has put in place a policy that raised the participation of Indian firms in manufacturing 'technical textiles' used for the Indian armed forces.
Technical textile is used in making speacialised products like bullet proof jackets, bullet proof patka and high altitude clothing.
According to senior Army officer, the policy was given thenod at a meeting in Mumbai under the aegis of the Ministry of Commerce and it was attended by the Army. As of now, the policy is implemented for 'technical textile' and the details are being worked out for other areas as well.
The products under the current policy implementations include high altitude inner clothing, three layred gloves, multi purpose boots, snowboots, crampons, and sleeping bags and other such products made of technical textile. '' The tenders related to the products upto the value ₹50 lakh will go to an Indian company giving the lowest bid,'' the officer said. Foreign manufacturers will be able to participate in cases where the value of tender is worth more than ₹50 lakh.
But in such cases also, even if a foreign company is found to be the lowest bidder, the endavour will be to procure 50% of the product by value from an Indian manufacturer. But, the norms in this case will be that the indigenous company will have to supply the product at the same rate of the winning bidder. If the condition arises where the product is to be procured from only one participant, then the Indian firm gets the preference.
This policy is to encourage 'Make In India' with a view to enhancing income and employment.
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