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


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.” Read More

You may also read!

Tamil Nadu’s new policy aims for major push to aerospace & defence sector

The Tamil Nadu government on Wednesday released the new Aerospace and Defence Policy, 2019, which aims to increase the

Read More...

Kartarpur corridor talks: MEA proposes dates for Pakistan delegation visit to work out modalities

New Delhi has proposed two dates to an Islamabad team which is set to visit the Kartarpur corridor and

Read More...

Drone sighting briefly disrupts US Newark airport

lights were grounded for almost an hour at the Newark International Airport in the US state of New Jersey

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu