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France,India : Inking of New Defence Deals
Publish Date : 02-Mar-2016
During the year 2015-16, 44 contracts have been signed with value of Rs.39955.36 crore for capital procurement of defence equipment including helicopters, Radar, Rockets and Simulators. An MOU has been signed in January, 2016 with Government of French Republic for purchase of 36 Rafale Aircraft.
Capital Procurement of defence equipment is carried out as per the current Defence Procurement Procedure (DPP-2013) which gives priority to indigenous design, development and manufacture of defence equipment by according higher preference to Indian vendors in procurement of defence equipment.
The new DPP which will come into effect shortly will further promote indigenisation and self-reliance in defence through the public and private sector.
