Government constantly reviews the security scenario and accordingly decides to induct appropriate defence equipment. This is a continuous process undertaken through procurement from various indigenous as well as foreign vendors to keep the Armed Forces in a state of readiness. Procurement from indigenous vendors accounts for a significant share in Capital acquisition.
The total expenditure on direct payments to foreign vendors for Capital Acquisitions for the Army, Navy and Air Force during the last five years was ? 103535.52 crore.
Defence Production Policy focusses on greater self-reliance in defence production. Government has also raised the FDI limit in defence production from 26% to 49% and liberalised the licensing regime. The Defence Procurement Procedure 2013 lays emphasis on providing the desired boost to indigenous Defence Industry by mandating a higher preference to the 'Buy (Indian)', 'Buy & Make (Indian)' and 'Make' categorisation in Capital Procurement.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri Husain Dalwaiin Rajya Sabha today.
DM/HH/RAJ
The total expenditure on direct payments to foreign vendors for Capital Acquisitions for the Army, Navy and Air Force during the last five years was ? 103535.52 crore.
Defence Production Policy focusses on greater self-reliance in defence production. Government has also raised the FDI limit in defence production from 26% to 49% and liberalised the licensing regime. The Defence Procurement Procedure 2013 lays emphasis on providing the desired boost to indigenous Defence Industry by mandating a higher preference to the 'Buy (Indian)', 'Buy & Make (Indian)' and 'Make' categorisation in Capital Procurement.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri Husain Dalwaiin Rajya Sabha today.
DM/HH/RAJ
