State-owned enterprises continue to dominate defence production in India

State-run defence enterprises in India have undertaken production activity worth INR1.71 trillion (USD24.79 billion) over the past three fiscal years (FYs), representing nearly 80% of total capital procurement funding during the same time frame, according to new figures published by the Indian Ministry of Defence (MoD).

Citing a parliamentary reply by Minister of State for Defence Shripad Naik on 22 July, the MoD said the total production value of Defence Public Sector Undertakings (DPSUs) and the Ordnance Factory Board (OFB) reached INR552.5 billion, INR583.1 billion, and INR576.4 billion in FYs 2016-17, 2017-18, and 2018-19, respectively.

It added that capital procurement funding over the same three years were INR691.5 billion, INR727.3 billion, and INR759.2 billion, respectively. Read More

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