Indian Army Emergency Procurements (EP):
Indian Army’s 4th round of emergency procurement is to be from India
- The Indian Army, which has made three tranches of Emergency Procurements (EP) in the last few years, is preparing for a fourth round of EP which will be entirely from the domestic industry.
- Three tranches of EPs were executed under which 68 contracts worth ₹6,000 crore were placed.
- Emergency financial powers were granted to the armed forces by the Defence Ministry in the past under which they could procure weapons systems up to ₹300 crores on an “urgent basis without any further clearances to cut short the procurement cycle.
- It also gives them an opportunity to test various systems in the field before going in for larger acquisition through the capital budget route.