Defence Notes

PREMIUM: India plans to leverage leasing

22nd November 2020 - 22:03 GMT | by Neelam Mathews in Delhi

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Leasing is looking like an increasingly attractive option for the Indian military.

The new leasing clause introduced in the Defence Acquisition Procedure 2020 framework has opened up possibilities for India’s military.

G. Ashok Kumar, the Indian Navy’s (IN) Vice Chief of Naval Staff, said at an e-symposium: ‘It is a path-breaking change. The lease model offers options for cost constraints ...

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