{"id":4992,"date":"2020-10-20T19:56:27","date_gmt":"2020-10-20T14:26:27","guid":{"rendered":"https:\/\/nerising.in\/?p=4992"},"modified":"2020-10-20T20:09:47","modified_gmt":"2020-10-20T14:39:47","slug":"shri-rajnath-singh-releases-drdo-procurement-manual-2020","status":"publish","type":"post","link":"https:\/\/northeastrising.in\/test\/shri-rajnath-singh-releases-drdo-procurement-manual-2020\/","title":{"rendered":"Shri Rajnath Singh releases DRDO Procurement Manual 2020"},"content":{"rendered":"<div class=\"gs\">\n<div class=\"\">\n<div id=\":ql\" class=\"ii gt\">\n<div id=\":qm\" class=\"a3s aiL \">\n<div dir=\"auto\">\n<p dir=\"auto\"><strong>India, 20th October: <\/strong>Raksha Mantri Shri Rajnath Singh released a new version of Defence Research and Development Organisation, DRDO Procurement Manual 2020 (PM-2020) here today so as to encourage more participation of Indian industry, including Start-ups and Micro, Small &amp; Medium Enterprises (MSMEs) in Defence Research &amp; Development (R&amp;D) for achieving \u2018<strong>Atmanirbhar Bharat<\/strong>\u2019.<\/p>\n<p dir=\"auto\">Speaking on the occasion, Shri Rajnath Singh said, \u201c<strong>The new DRDO Procurement Manual will facilitate the indigenous Defence Industry by simplifying the processes and ensure their participation in design and development activities. The PM-2020 will help towards realising Prime Minister Shri Narendra Modi\u2019s dream of \u2018Atmanirbhar Bharat<\/strong>\u2019.&#8221; He appreciated the contribution of all the officials of DRDO and Finance wing in the <span style=\"text-decoration: underline;\"><span style=\"color: #ff6600; text-decoration: underline;\"><a style=\"color: #ff6600; text-decoration: underline;\" href=\"https:\/\/nerising.in\/naval-commanders-conference-2020-new-delhi\/\">Ministry of Defence<\/a><\/span><\/span> for their contribution in bringing out the revised PM-2020.<\/p>\n<p dir=\"auto\">The PM-2020, will facilitate faster execution of R&amp;D projects\/programmes. The modified features the Manual will go a long way to facilitate participation of industry in various R&amp;D projects.<\/p>\n<p dir=\"auto\">Bid security declaration option for earnest money deposit, an increase of threshold limit for advance payment, placement of order on lowest bidder 2 (L2) in case L1 backs out are some of the salient features of the new manual, which will assist the industry for the speedy execution of projects.<\/p>\n<p dir=\"auto\"><a href=\"https:\/\/nerising.in\/shri-rajnath-singh-releases-drdo-procurement-manual-2020\/20201020_200614-1\/\" rel=\"attachment wp-att-4996\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-4996\" src=\"https:\/\/i0.wp.com\/nerising.in\/wp-content\/uploads\/2020\/10\/20201020_200614-1.jpg?resize=680%2C408&#038;ssl=1\" alt=\"Shri Rajnath Singh releases DRDO Procurement Manual 2020\" width=\"680\" height=\"408\" srcset=\"https:\/\/i0.wp.com\/northeastrising.in\/test\/wp-content\/uploads\/2020\/10\/20201020_200614-1.jpg?w=680&amp;ssl=1 680w, https:\/\/i0.wp.com\/northeastrising.in\/test\/wp-content\/uploads\/2020\/10\/20201020_200614-1.jpg?resize=300%2C180&amp;ssl=1 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/a><\/p>\n<p dir=\"auto\">Some more enabling measures of PM-2020 are exemption of bid security and performance security up to Rs 10 lakh, no negotiations for commercial off-the-shelf (COTS) items\/services wherever price discovery is happening through market forces.<\/p>\n<p dir=\"auto\">Performance security for service contracts is linked to the payment cycle instead of total contract value. Procurement of stores from development partners, safeguarding of free issue material through insurance cover instead of bank guarantee (BG) are other facilitating measures adopted to help the industry.<\/p>\n<p dir=\"auto\">In the new PM-2020, the liquidated damage (LD) rate for development contracts has been reduced. The delivery period (DP) extension process has been simplified for faster decision making. Many of the internal procedures have been further simplified for faster engagement with industry. It may be noted that the previous Procurement Manual of DRDO was last modified in 2016.<\/p>\n<p dir=\"auto\">Those present on the occasion included Secretary Department of Defence Research &amp; Development and Chairman <span style=\"text-decoration: underline;\"><span style=\"color: #ff6600; text-decoration: underline;\"><a style=\"color: #ff6600; text-decoration: underline;\" href=\"https:\/\/www.drdo.gov.in\/home\">DRDO<\/a><\/span><\/span> Dr G Satheesh Reddy, Secretary (Defence Finance) SmtGargi Kauland other senior officials of Ministry of Defence.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India, 20th October: Raksha Mantri Shri Rajnath Singh released a new version of Defence Research and Development Organisation, DRDO Procurement Manual 2020 (PM-2020) here today so as to encourage more participation of Indian industry, including Start-ups and Micro, Small &amp; Medium Enterprises (MSMEs) in Defence Research &amp; Development (R&amp;D) for achieving \u2018Atmanirbhar Bharat\u2019. Speaking on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"spay_email":""},"categories":[29,27],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shri Rajnath Singh releases DRDO Procurement Manual 2020 - North East Rising<\/title>\n<meta name=\"description\" content=\"Raksha Mantri Shri Rajnath Singh released a new version of Defence Research and Development Organisation, DRDO Procurement Manual 2020\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/northeastrising.in\/test\/shri-rajnath-singh-releases-drdo-procurement-manual-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shri Rajnath Singh releases DRDO Procurement Manual 2020 - 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