Four months extension for defence contracts

New Delhi: In a big relief to domestic arms and ammunition industry, the Ministry of Defence issued orders giving a four-month extension of delivery period to all capital acquisition contracts due to Covid pandemic.

The Ministry said they have extended the delivery period for all existing capital acquisition contracts with the Indian vendors by four months due to supply chain disruptions arising out of preventive measures.

An order to this effect issued today by the acquisition wing of the Ministry, duly approved by Defence Minister Rajnath Singh, states that the “Force Majeure shall be applicable for a period of four months that 25 March 2020 to 24 July 2020.”

 

NT Bureau