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India : Foreign Deals in Defence Sector under make in India Policy

Publish Date : 11-Dec-2015

The expenditure on capital acquisition in respect of order placed on Indian vendors and foreign vendors for the period 2014-15 was Rs. 40589.98 Crore (61.89%) and Rs. 24992.36 Crore (38.11%) respectively.

During 2014-15 and current year, contracts have been signed with foreign vendors for capital procurement of Defence equipment such as Missiles, Simulators, Helicopters, Rockets and Guns. Information related to employment of Indians in such projects is not maintained in the Department.

Capital procurement of Defence equipment is guided by the Defence Procurement Procedure(DPP) and the timelines given therein. The timelines are specifically prescribed in each contract.

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