Defence Minister says 150 contracts worth Rs 1.27 lakh cr contracts signed

Stating that India’s defence procurement’s have taken a big leap during last four and half years, Defence Minister Nirmala SItaraman said that 150 contracts worth Rs 1,27,500 Cr had been signed with Indian vendors for procurement of defence equipment for the Armed forces.

Inaugurating the 12th biennial edition of International Aerospace and Defence Exhibition and declared the Aero India 2019 open today amidst a lot of fanfare at Air Force Station Yelahanka in Bengaluru, she also mentioned that the Government had accorded AoN to 164 proposals worth Rs 2,79,950 Cr under ‘Buy and Make” categories only to the Indian vendors.

She also mentioned that the VoP in respect of OFB and DPSUs had grown from 43,746 Cr in 2013-14 to Rs 58,163 Cr in 2017-18, out of which 40% of the production had been outsourced to the Private Sector and that the Government had also issued RFP for the manufacture of seven identified types of ammunition in private sector.

Raksha Mantri hailed several policy initiatives of the Government under the ‘Make in India’ viz. 100% FDI in Defence Manufacturing, Defence Offset Policy 2016, Delicensing of Defence items, iDEX and the Defence Investor’s cell. She quoted S 92 Helicopter cabin, Advance Aircraft Cockpit, Glass Cockpit for Dornier and CH-47 Pylon for Boeing as some recent successes displayed at the Indian Pavilion. She also hailed Indian PSUs for manufacturing more than 4000 aircraft including LCA, LCH, ALH, C295 etc.

She applauded the 10,000 MSMEs which made 80% of components, aggregates and assemblies of complex weapon systems and aircrafts. She also informed that more than 424 companies had obtained the licence for Defence production which was almost double the number in last four years.

Raksha Mantri mentioned the ‘Defence Investor cell’ which was set up in Jan 2018, to enhance the ‘Ease of doing Business’ and informed that over 350 industries had been facilitated till date. She also mentioned that 275 Ordnance Factory items had been de-notified and also that testing facilities of DPSUs and OFs had been opened up for private industry.

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