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Defence Deals

 

The details of contracts signed with foreign vendors
since 2014-15 are as under:-






Year

No.
of contract

Value

(Rs.
in crore)

2014-15

18

11261.72

2015-16

17

29171.75

2016-17

23

81129.62

2017-18

(upto
30.06.2017)

3

1579.21

The foreign
vendors are mainly from USA, Russia, Israel, UK,  Germany, France and Sweden.

Capital
procurement of defence equipment is undertaken from various domestic as well as
foreign vendors in accordance with the extant Defence Procurement Procedure,
based on threat perceptions, operational challenges and Technological changes
and to keep the Armed Forces in     a state of readiness to meet the entire
spectrum of security challenges.

Government is
taking measures for modernization of the Armed Forces, through inducting of new
equipment and upgrading of existing equipment and systems.  The modernization
projects are progressed as per Services Capital Acquisition Plans and under the
extant Defence Procurement Procedure.

Government
regularly monitors progress of ongoing procurement projects so as to ensure
that these are concluded expeditiously.

 

This information was given by Minister
of State for Defence Dr. Subhash Bhamre in a written reply to Shri Bhartruhari
Mahtab in Lok Sabha today.

Nampi/Ranjan