India plans to leverage leasing
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 and limited-duration stop-gap requirements by way of faster induction.’
Operational-support assets and auxiliaries, high-end ships, minesweepers, tugs and, in the future, space-based surveillance, underwater systems and UAVs are among IN requirements.
‘Leasing will enable focus on core competence, remove technological complexities and lower manpower cost for operation, maintenance and training, and reduce
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