Capital expenditure on defence purchase from Indian firms goes up -Governance Now

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

#defence procurement

Other News

Changing weather patterns, climate change responsible for Nepal floods

The interaction between active Western Disturbances, increased atmospheric moisture and the region’s complex topography aswell as global warming are important factors behind intense rainfall in the Himalayas, leading to flash floods in Nepal, according to meteorologists. Nepal

A right she cannot reach

Last summer, the two of us spent several weeks in rural Madhya Pradesh with a non-profit that works on gender justice through women’s self-help groups. We went in with a notebook full of laws. The Protection of Women from Domestic Violence Act. The Dowry Prohibition Act. Free legal aid for every wo

Tier-2 cities lead India’s digital credit push

Digital payments have become a reflex for urban India, but the confidence earned in paying has not yet carried over to borrowing. That is the central finding of `How Urban India Pays Report 2026`, released by Pahlé India Foundation in collaboration with Amazon Pay. Based on a survey of 5,149 consu

India calls for doubling bilateral trade with UK by 2030

Commerce and industry minister Piyush Goyal has called upon businesses in India and the United Kingdom to translate the opportunities created by the India-UK Comprehensive Economic and Trade Agreement (CETA) into expanded trade, investment, partnerships and job creation. Addressing the Bu

Gandhian movement after Gandhi failed: Ram Guha

The Gandhian movement in India, after Gandhi’s death, failed, says Ramachandra Guha, and blames Vinoba Bhave for it. But the movement found new, fertile grounds around the world and succeeded in bringing about a change in South Africa, the US and elsewhere. It is high time it returned home. Of cour

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj