Govt signs 100 contracts with Indian vendors for capital procurement of defence equipment to make India self-reliant in defence sector

Govt signs 100 contracts with Indian vendors for capital procurement of defence equipment to make India self-reliant in defence sector

• The Government has signed one hundred contracts with Indian vendors for capital procurement of defence equipment to make India self-reliant in the defence sector. So far, a total of 122 contracts have been signed in the last three financial years. Raksha Rajya Mantri Ajay Bhatt said this in a written reply to a question in Lok Sabha today. He said, the government has taken adequate steps to make the country self-reliant by developing indigenous advanced technologies and complex systems.
• Defence Acquisition Procedure- 2020 is promulgated to maximize acquisition of defence equipment through indigenous sources and promote domestic manufacturing. Two Defence Industrial Corridors have been set up in Uttar Pradesh and Tamil Nadu to catalyse indigenous production of defence and aerospace-related items. The Ministry has also directed for spending an amount of one thousand 500 crore rupees towards procurement from start-ups.

Also Read: 

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 05 Aug 2023 10:37AM