Defence Ministry nod for 111 military projects worth Rs 1.78 lakh crore under Make in India

Image
ANI New Delhi [India]
Last Updated : Dec 31 2018 | 9:55 PM IST

In the last three years, the Defence Ministry has given nod for 111 military projects worth over Rs 1.78 lakh crore for producing military hardware under the Make in India in the defence sector.

Minister of State for Defence Subhash Bhamre informed the Lok Sabha, "In the last three financial years from 2015-16 to 2017-18, the government has accorded Acceptance of Necessity (AoN) to 111 proposals, worth Rs 1,78,900 crore approximately, under 'Buy (Indian-IDDM)', 'Buy (Indian)', 'Buy and Make (Indian)' or 'Make' categories of capital procurement as per Defence Procurement Procedure (DPP), which means Request for Proposal (RFP) is issued only to Indian Vendors."

Furthermore, he stated, "In the same timeframe, 99 contracts worth about Rs 65,471.28 crore have been signed with Indian vendors for the procurement of defence equipment. DPP stipulates a time schedule for completion of the procurement cycle."

Make in India in defence has been one of the key programmes of Prime Minister Narendra Modi and several projects such as helicopters, fighter aircraft, and submarines are planned to be manufactured under this in the coming years.

On a separate query on the Light Combat Aircraft Tejas project, the Minister said that that out of the 16 Initial Operational Clearance planes, 10 have been delivered to the Air Force till now.

"Till date, out of 16 IOC fighter aircraft, 10 fighters have been delivered by HAL and are operational with IAF's 45 Squadron. The delivery of remaining 6 IOC fighter aircraft is planned by March 2019," the minister added.

Bhamre said that the four trainer aircraft to be supplied to the 45 squadrons of Air Force would be taken up after design clearance from the Aeronautical Development Agency.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 31 2018 | 9:20 PM IST

Next Story