TNN Apr 12, 2008, 03.09am IST
NEW DELHI: Indicating that the Defence Research and Development Organization was in for a major revamp, defence minister A K Antony on Friday said cost and time overruns would no longer do in crucial defence projects.
“We are in the process of introducing several innovations to streamline and make more effective the entire defence product development and procurement process,” said Antony, while addressing the 32nd DRDO conference here.
“On the anvil are amendments to our procurement procedures, developing a healthy interface with the public and private industry through offsets and bringing about organizational improvements in DRDO,” he added.
This assumes significance in the backdrop of the recent report by the P Rama Rao committee, which has called for a drastic overhaul of DRDO to ensure it can supply cutting-edge weapon systems to armed forces without the prevailing huge time and cost overruns, as reported by TOI earlier.