18 Defence Deals Signed by India in 2014-15

18 Defence Deals Signed by India in 2014-15 Capital procurement of defence equipment is made from various indigenous as well as foreign sources and contracts are signed after obtaining approval of Competent Financial Authority in accordance with the provisions of Defence Procurement Procedure-2013. During 2014-15, 18 contracts have been signed between May 2014 and February 2015 with foreign vendors including those from USA, Russia, Israel, Germany, France and UK for procurement of items such as Missiles, Rockets and Simulators. Contracts are executed as per terms and conditions incorporated therein. The 18 contracts were signed by designated officers as per provisions of DPP 2013 which do not require the presence of Defence Minister at the signing. Defence Procurement Procedure (DPP) pr...
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