Capital expenditure on defence purchase from Indian firms goes up

Foreign companies are allowed to have tie-ups with Indian vendors for indigenous production

GN Bureau | August 10, 2017


#defence procurement  
Minister of state for defence, Subhash Bhamre said that the capital expenditure on procurement of defence equipment from Indian vendors has increased from Rs 31,575 crore in 2013-14 to Rs 41,873 crore in 2016-17.
 
Bhamre was speaking on Make in India initiative in the Lok Sabha. He further said that 2014-15 and 2016-17, the government has accorded Acceptance of Necessity (AoN) for 145 proposals worth Rs 3,99,800 crore approximately, out of which 103 proposals worth Rs 2,46,400 crore have been approved.
 
Make in India in defence manufacturing is primarily driven by capital acquisition of defence equipment and other policy measures taken to promote indigenous design, development and manufacture of defence equipment in the country by harnessing capabilities of the public and private sector.
 
These measures include according priority and preference to procurement from Indian vendors under the Defence Procurement Procedure 2016, liberalisation of the licensing regime and FDI policy by raising the cap on FDI in the defence sector.
 
Foreign companies are allowed to have tie-ups with Indian vendors for indigenous production involving Transfer of technology under ‘Buy & Make (Indian)’ and ‘Buy & Make’ categories of capital acquisition.
 
 

Comments

 

Other News

Sci-Tech Empowered Committee set up for COVID-19

To take speedy decisions on research and development for Sars-Cov-2 virus and COVID-19, the government has constituted a Science and Technology Empowered Committee. The committee, set up on March 19 and chaired by Niti Aayog member, professor Vinod Paul and professor K Vijay Raghavan, princi

Covid-19 and real estate: This could be last straw that broke camel’s back

Covid-19 may turn out to be the last straw that broke the camel’s back so far as the real estate sector is concerned. It broke out at a time when pundits were estimating the GDP to be hovering around 2.5% with unprecedent levels of unemployment. This itself was a good indicator that the real estate s

India ramps efforts as COVID-19 cases rise

As COVID -19 cases continue to rise amid a 21-day lockdown, the centre and the states are proactively taking measures to provide aid to the underprivileged and the needy during this unprecedented situation.         By Sunday morning, India had registered 27

Diplomacy in the time of Covid-19

In the thick of battle with the deadly coronavirus, India on March announced a 21-day lockdown till April 14 in its bid to control the spread of virus which has so far led to 10 people’s death and over 600 others falling sick across the country. As per experts, India, which is in the second stage of

Life hacks for Lockdown blues

As the nation battles the Coronavirus outbreak, a billion-plus population is confined at home in the 21-day lockdown, and this is leading to mental health concerns. “It is a tough time and we need to be stable to get thorough. People must rationalise their irrational thoughts without

Doctors, others continue to face vigilantism

Scare following the outbreak of Covid-19 has led some people to turn to vigilantism, harassing people at the frontline of fighting the disease and keeping the country running amid the lockdown. Earlier this week, the medical associations had made representations before home minister Amit Sha



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter