July 20, 2021
1 min read

Signed 102 contracts with local vendors in last 3 years: MoD

In order to provide impetus to self-reliance in defence manufacturing as part of ‘Atmanirbhar Bharat’ initiative, two positive Indigenisation Lists have been promulgated….reports Asian Lite News

The Defence Ministry has signed 102 contracts with local vendors for capital procurement of defence equipment such as aircraft, missiles, tanks, bullet proof jackets, guns, navy vessels, radars, networks and others in last three years, Parliament was told on Monday.

In a written reply to BJP Rajya Sabha MP Sambhaji Chhatrapati, Minister of state for Defence Ajay Bhatt said in line with ‘Atmanirbhar Bharat’ initiative, it has been decided to earmark an amount of Rs 71,438.36 crore for domestic capital procurement out of the total allocation of Rs 1,11,463.21 crore for capital acquisition.

Capital procurement of defence equipment is undertaken from various domestic as well as foreign vendors, based on threat perception, operational challenges and technological changes and to keep the Armed Forces in a state of readiness.

“During last three financial years i.e. 2018-19 to 2020-21, 102 contracts have been signed with Indian vendors for capital procurement of defence equipment such as aircrafts, missiles, tanks, bullet proof jackets, guns, navy vessels, radars, networks etc,” the minister said.

In order to provide impetus to self-reliance in defence manufacturing as part of ‘Atmanirbhar Bharat’ initiative, two positive Indigenisation Lists have been promulgated.

The first Positive Indigenisation List was promulgated in August 2020, which included 101 items, and the second in May 2021, which included 108 items. The lists intend to implement the ban in a staggered manner up to December 2025.

The aim behind promulgation of the lists is to apprise the Indian defence industry about the anticipated requirements of the armed forces, so that they are better prepared to realize the goal of indigenisation.

“It provides a great opportunity for the Indian defence industry to manufacture the items in the list by using their own design and development capabilities or adopting those developed by the Defence Research and Development Organisation (DRDO), to meet the requirements of the armed forces in the coming years,” the minister said.

ALSO READ: India, France complete partnership naval exercise

Previous Story

UK, allies publicly blame China for massive global hack

Next Story

Defence Ministry to undergo restructuring of 57K posts: Govt

Latest from -Top News

Pakistan FM Due in Bangladesh

During his visit Dar will hold discussions with the Foreign Affairs Advisor Towhid Hossain and also call on Muhammad Yunus…reports Asian Lite News Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar

Balochistan: Where the State Makes People Disappear

The victims include students, journalists, and peaceful protesters, many of whom were abducted from cities such as Karachi and Islamabad….reports Asian Lite News A human rights organisation on Monday revealed that 785

Monsoon Havoc in Pakistan

Since June 26, torrential rains have killed at least 299 people—including 140 children—and injured 715 in Pakistan…reports Asian Lite News Since June 26, torrential monsoon rains have devastated Pakistan, killing at least

Bangladesh’s Dark Turn

With the Awami League outlawed and absent from the electoral fray, a vacuum has emerged — one that has not necessarily been filled with stability….reports Asian Lite News Bangladesh’s political landscape has
Go toTop

Don't Miss

India saw online transactions worth Rs 36 trillion in Q2

Payments through credit and debit cards accounted for 8 per

AG Venkataramani Calls For Indo-US Collaborative Law Platform

AG Venkataramani emphasized on the need for more and more