New Delhi: The Minister of State for Defence Shripad Naik said that during the last three financial years (2016-17 to 2018-19), 58 contracts have been placed with foreign vendors, out of which 23 contracts have been signed with USA and Israel for capital procurement of Defence equipment for the Indian Defence Forces.
Capital procurement of Defence equipment is undertaken from various domestic as well as foreign vendors, based on operational requirements of the Armed Forces and 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, said Naik.
The other major countries from which Defence equipment have been procured include Russia, France and United Kingdom.
This information was given by Minister of State for Defence Shripad Naik in a written reply to Ritabrata Banerjee in Rajya Sabha on 2 December.
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