Raksha Mantri Shri Rajnath Singh has informed that Modernization of the Armed Forces is a continuous process based on threat perception, operational challenges, and technological changes to keep the Armed Forces in a state of readiness to meet entire spectrum of security challenges. Government attaches the highest priority to ensure that the Armed Forces are sufficiently equipped to meet any operational requirement. This is achieved through induction of new equipment and technological upgradation of capabilities. The equipment requirement of the Armed Forces are planned and progressed through a detailed process which include 15 year Long Term Integrated Perspective Plan (LTIPP), a five year Service-wise Capital Acquisition Plan, a two year roll-on Annual Acquisition Plan and deliberations by the Defence Acquisition Council chaired by the Raksha Mantri.
During the last four financial years from 2015-16 to 2018-19, 210 contracts have been signed for capital procurement of defence equipment for Armed Forces such as Helicopters, Naval vessels, Radars, Ballistic Helmets, Artillery Guns, Simulators, Missiles, Bullet Proof Jackets, Electronic Fuzes, and ammunition.