Financial Daily from THE HINDU group of publications
Thursday, Nov 28, 2002
Financial Daily from THE HINDU group of publications Thursday, Nov 28, 2002 |
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Logistics
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Events Navy asked to draft roadmap for defence supplies Our Bureau
VISAKHAPATNAM, Nov. 27 THE Confederation of Indian Industry (CII) has asked the Indian Navy to draft a 15-year roadmap for forging a partnership with the Indian industry for achieving self-reliance through indigenisation in terms of defence supplies. The roadmap should spell out the Navy's strategy on the three vital aspects of product definition, supplier strategy and transparency of its commercial policy. According to Mr Atul Kirloskar, Chairman and Managing Director of Kirloskar Oil Engines Ltd and Chairman of the CII's National Committee on Defence, the Indian industry, including the private sector, had an enormous resource base, which could be used by the Navy to achieve self-reliance through indigenisation. "Once industry is clear about the long-term requirement and procurement strategy of the Navy, it could start investing in research and development also,'' he said. He was addressing the inaugural session of the seminar on Navy-Industry Partnership here on Wednesday. The CII, Mr Kirloskar said, wanted the Navy to spell out the definition of the products it required and its supplier strategy, which should dwell on aspects like "how many suppliers it required for a given product''. "The Indian industry is not only looking at providing replacements, but is also targeting the end products," he pointed out.
Rear-Admiral S.K. Ramsay, Indian Navy's Assistant Controller of Logistics, said the Navy's share of the Defence Budget for 2002-03 was about Rs 900 crore, with nearly 62 per cent of it being spent towards acquisition of ships, submarines, aircraft, equipment and spares.
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