New Delhi: Capital procurement of Defence equipment is undertaken from various domestic as well as foreign vendors, based on operational requirements of the Armed Forces, the availability or capacity to produce the equipment in India and abroad, to keep the Armed Forces in a state of readiness to meet the entire spectrum of security challenges.
During last three financial years (2016-17 to 2018-19), 149 capital acquisition contracts have been concluded, out of which 58 contracts worth about Rs. 1,38,727.16 crores and 91 contracts worth about Rs.76,955.73 crores have been placed on foreign vendors and Indian vendors respectively for procurement of Defence equipment for the Indian Defence Forces.
The countries from which Defence equipment imports are being undertaken include Russia, USA, Israel, France and United Kingdom.
There are 41 Ordnance Factories and 9 Defence Public Undertakings (DPSUs) in the Public sector in India manufacturing Defence equipment. In addition, 452 number of Industrial Licenses (ILs) have been issued to Defence industry in private sector for manufacturing of Defence equipment.
The major Defence equipment exported during the last three years by India to foreign countries are Patrol Vessels, Helicopters, Sonars and Radars, Avionics, Radar Warning Receivers (RWR), Small Arms, Small Calibre Ammunition, Grenades, Telecommunication equipment, Coastal Surveillance, Simulators, Bullet Proof Jackets and Body Armour.
The details of Defence export authorisations for the last 3 years are as follows:
|Year||Value (Rs. in crore)|
This information was given by Minister of State for Defence Shripad Naik in a written reply to Md. Nadimul Haque in Rajya Sabha yesterday.
Naik also said yesterday that there are 56 ongoing Mission Mode (MM) Projects with a cost of Rs 49,424.54 crore, and 218 ongoing Technology Demonstration (TD) mode projects with a cost of Rs 13,427.45 crore by the Defence Research & Development Organisation (DRDO).
Last week, Naik revealed that Rs 1,812 crore FDI has been channeled into the Defence sector since 2014.
Defence Minister Rajnath Singh also said earlier in November that under the Defence Production Policy and Make in India initiative, the Ministry of Defence (MoD) has set a target of $26 billion for aerospace, Defence services and goods by 2025. He urged the Defence Research & Development Organisation (DRDO) to cooperate with the industry to achieve this target.
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