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

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