Defence deals with Foreign Companies procedure

Ministry of Defence
Ministry of Defence

The new DPP which has come into effect from 01.4.2016 focuses on institutionalising and streamlining procedures to give a boost to the ‘Make in India’ initiative of the Government by promoting indigenous design, development and manufacturing of defence equipment, platforms, systems and sub-systems. The ‘Make’ procedure has also been refined to ensure increased participation of Indian industry.

During the last two financial years (2014-15 and 2015-16) 108 contracts with a total value of Rs. 112736.81 crore have been signed for capital procurement of defence equipment including Ships, Missiles, Frigates, Rockets, Simulators, Aircraft, Helicopters and Radars out of which 73 contracts, involving a value of Rs. 72303.34 crore, were signed with Indian vendors.

Be the first to comment

Leave a Reply

Your email address will not be published.