The Indian Defence Ministry has signed two-thirds of defence contracts with local vendors in the past three years

During the last three years and current year (up to June, 2018) out of total 168 contracts, 106 contracts have been signed with Indian vendors for procurement of defence equipment for Armed Forces such as helicopters, radar, ballistic helmets, artillery guns, simulators, missiles, bullet proof jackets, electronic fuses, and ammunition, Indian Minister of State for Defence, Dr. Subhash Bhamre said in a written reply in the Parliament Monday.

Capital procurement of defence equipment is carried out as per the extant Defence Procurement Procedure (DPP). DPP-2016 focuses on institutionalising streamlining and simplifying defence procurement procedure to give boost to ‘Make in India’ initiative of the Government of India, by promoting indigenous design, development and manufacturing of defence equipment, platforms, systems and sub-systems.

Government has also promulgated the policy of Strategic Partnership in the Defence Sector which encourages participation of the private sector in manufacture of major defence platforms and equipment in four selected segments viz. Submarines, Fighter Aircraft, Helicopters and Armoured Fighting Vehicles / Tanks, the statement read.