In India, we presented the updated system state defense order. Defense Minister Singh Radzhnat country declares, that in the new version of the document spelled out the possibility of the acquisition for the needs of the armed forces of the country military equipment leasing.
From the report of the Indian military establishment:
Regulations on leasing has been introduced as a new category of defense contracts. It is not contrary to the development of the concept of "do in India," and you can take from friendly countries in leasing any military equipment - tanks up to, warships and aircraft.
reference: Leasing is called the actual rent to pay on credit obligations and the right to buy.
In this way, Indian Defense Ministry is ready to conclude the supply of military equipment contracts for the lease with payment of the loan agreements and the possibility of redemption.
Indian Defense Minister:
It gives me great pleasure to announce that, the defense procurement project passed approval. The new draft military procurement procedures, we have simplified the process and reduced the time, to ensure the integrity, transparency and accountability of each of the transactions.
The Defense Ministry of the country reminded, Earlier, India had used the possibility of lease of military equipment. AT 2012 , India leased from Russian submarine, that the Indian Navy was named "Chakra". According to the Indian Navy, is an example of a successful lease arms in the partner countries.
