Need to embrace changes in financial processes due to rapidly changing nature & character of war: CDS Gen Anil Chauhan

New Delhi: Chief of Defence Staff General Anil Chauhan has stressed the need to embrace changes in financial processes, arising due to the rapidly changing nature and character of war driven by geopolitical dynamics and technological advancements. He was delivering a keynote address in the apex level conference on Aug 5, 2024 in New Delhi on enhancing cohesion and synergy in financial matters pertaining to Armed Forces. CDS said that such changes have brought about a non linear and non predictable evolution.

Gen Anil Chauhan exhorted all stakeholders to act in cohesion and synergy to safeguard India’s strategic interests while working jointly towards ensuring National Security, which is an important pillar of Viksit Bharat.

Vice Chiefs of Service HQs attended the conference, alongwith senior functionaries from Service HQs, Coast Guard HQ, MoD Acquisition, MoD Finance, CGDA, and all Principal Integrated Financial Advisors. The conference was steered by HQ IDS and focused on improving the efficiency in defence procurements while adhering to all financial canons.

In his opening address, Deputy Chief of Integrated Defence Staff (PP&FD) Vice Admiral Sanjay Vatsayan set the pace for discussions by bringing out the intricacies of defence procurements. Financial Adviser (Defence Services) Shri Sugata Ghosh Dastidar stressed upon reducing foreign dependence and moving towards Aatmanirbharta while ensuring greater collaboration with Academia towards research and development in defence.

The conference saw all stakeholders putting forth their perspective and deliberated ways to enhance cohesion and synergy. Service HQs gave insights into their respective challenges in public procurement and methodologies to overcome the same were discussed. The PIFAs participated actively on critical issues of Capital & Revenue procurements. Positive suggestions and recommendations were elucidated by MoD Finance.

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