Defence Ministry Appoints Panel to Expedite Capital Acquisition for Armed Forces Modernisation

Defence Minister Nirmala Sitharaman has constituted a 13-member advisory committee to monitor and expedite capital acquisition projects for the modernisation of the armed forces. The committee will be headed by Vinay Sheel Oberoi, former secretary in the government.

Under the terms of reference of the committee, the Ministry has to undertake an independent review and check the status of ongoing critical projects worth more than Rs 500 crore. The panel will review various categories of projects including “Buy” (Indian) and “Buy and Make” (Indian).

Source- The Economic Times