Defence Manufacturing and Indigenisation of Defence Equipment MOD Explains

 Government is pursuing initiatives to achieve higher levels of indigenisation and self-reliance in the defence sector by harnessing the capabilities of the public and private sector industries in the country. These measures include according priority and preference to procurement from Indian vendors and liberalization of the licensing regime. During the last three financial years, 94 contracts involving Rs. 82,979.70 crore have been signed with Indian vendors for capital procurement of defence equipment. During the same period, 56 contracts involving Rs. 53, 684.32 Crore have been signed with foreign vendors for capital procurement of defence equipment. Contract with various countries during the period include ...........Members Log in or Subscribe to Read more------------

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