Defence Minister Manohar Parrikar said foreign vendors got orders worth Rs 55,406 crore from IAF between 2011-12 and 2013-14 followed by Navy's Rs 25,454 crore and Rs 2,998 crore from Army.
Replying to questions in the Lok Sabha, Parrikar also said that Foreign Direct Investment amounting to Rs 24.36 crore has been received after government opened the defence industry for private sector.
"The expenditure on capital acquisition in respect of orders placed on Indian vendors and foreign vendors during the period 2011-12 to 2013-14 was 53.9 per cent and 46.1 per cent respectively," he said.
He said 29 joint ventures and FDI proposals have been approved while noting that the procedure for 'Buy and Make (Indian) and Make' categories of acquisition over 'Buy (global)' category to encourage Indian defence industry.
As per the new FDI policy in defence, foreign investment upto 49 per cent has been allowed through FIPB (Foreign Investment Promotion Board) route and beyond 49 per cent, with the Cabinet Committee on Security.
He also said that an online system of receiving application for issue of NoC for export of military stores has been introduced besides formulating a defence export strategy.
Parrikar said during the last four years, NoCs for export of goods which are in the nature of military stores have been issued for many countries including Algeria, Nigeria, Bosnia and Herzegovina, Sri Lanka, Paraguay, Japan, Afghanistan, Spain, Nepal, Belgium, Malaysia, Norwat, Romania and Port of Spain.