Local procurement for defence to see 6% hike this year: Govt to Parliament

64% defence capital budget for buys from domestic firms

The Ministry of Defence (MoD) has earmarked 64 per cent of the defence capital budget for this year for acquisitions from domestic companies, the MoD said in Parliament on Monday.

This is an increase of six per cent from the last financial year, which was the first time a distinction was overtly made between domestic and overseas defence expenditure.

“In line with the government’s initiative of ‘Atmanirbhar Bharat’, it has been decided to earmark an amount of Rs 71,438 crore for domestic capital procurement out of the total allocation of Rs 111,463 crore for capital acquisition,” said the MoD in a written