Defence Procurement

Defence procurement from foreign sources reducing, shows govt data

The expenditure on defence procurement from foreign sources has reduced from 46 per cent of the overall expenditure in 2018-19 to 36.7 per cent as per data till December last, according to government data. Minister of State for Defence Ajay Bhatt, replying to a question in Rajya Sabha on Monday, listed 155mm Artillery Gun system 'Dhanush'', Light Combat Aircraft Tejas, surface-to air missile system 'Akash', main battle tank 'Arjun', T-90 tank, T-72 tank and Cheetah helicopter as indigenous key defence projects. "The expenditure on defence procurement from foreign sources has reduced from 46 per cent of overall expenditure in 2018-19 to 36.7 per cent as per data till December, 2022," he said on Monday. Last month, Bhatt said Kalashnikov AK-203 rifles for Indian armed forces were under manufacturing and testing stage at an Indo-Russian joint venture at Korwa in Uttar Pradesh. Bhatt said the Indo-Russian Rifles Private Ltd (IRRPL) has established all facilities to commence production

Govt to spend 75% defence outlay for procurement from Indian firms: Rajnath

In a significant announcement, Defence Minister Rajnath Singh on Wednesday said the government will spend 75 per cent of the total defence capital outlay for procurement from domestic defence manufacturers from 2023-24. The decision will mean setting aside of around Rs 100,000 crore for procurement of military platforms and equipment from the Indian manufacturers, he said. Singh made the announcement at an event where several agreements and technology transfer agreements were firmed up among large number of defence companies which participated in Aero India 2023. "It is a very significant decision which will further strengthen the domestic defence manufacturing sector," Singh said. He also said that Aero India 2023 has shown that the Indian defence sector is ready to march ahead along with top global defence companies. The MoUs and technology transfer agreements signed during Aero India will facilitate a new beginning for defence manufacturing in India, he said. A new chapter in

Defence procurement, pipeline offer strong growth for Bharat Dynamics

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

Defence, aerospace exports treble to Rs 12,815 cr in 5 years: Govt

Foreign procurement in defence rises to Rs 50,061 cr

Govt working to achieve $22 bn defence production target by 2025: Rajnath

He further underlined that to increase the participation of domestic industry, the government has reserved a certain portion of defence capital acquisition for domestic procurement

Navy buys 'enhanced range' BrahMos missiles for Rs 1,700 crore

To be lethal against warships and shore targets at 400 km; deal value Rs 1,700 crore

GeM pegs defence procurement to reach Rs 30,000 cr this year: Official

Public procurement portal Government eMarketplace projects defence procurement made through it to double to Rs 30,000 crore during the current financial year, a top official said here on Friday. According to GeM Chief Executive Officer P K Singh, the procurement agency expects to garner about Rs 2 lakh crore sales in the year across the country. The GeM portal launched by the Centre in 2016 is for online purchase of goods and services by all central government ministries and departments. "Defence sector has been the largest procurer through the portal since inception. Last year, the defence procurement was around Rs 15,000 crore. The target is to double it to Rs 30,000 crore this year," he told reporters here. "Apart from weaponry, everything for Defence is done by GeM," he said. Singh, an IAS officer of the Manipur cadre, said the procurement portal achieved overall sales of Rs 1.06 lakh crore last year. "This year, we are expecting to reach Rs 2 lakh crore post the COVID-19 ...

How Agnipath is turning the spotlight on India's unemployment crisis

A military recruitment plan (Agnipath) in India that sparked last month's violent protests is turning the spotlight on an unemployment crisis plaguing the $3.2 trillion economy

Defence ministry's procurement via e-market portal recorded at Rs 15,047 cr

The Ministry of Defence (MoD) on Saturday said its procurement orders using the government e-Market (GeM) portal reached an all-time high of Rs 15,047 crore in 2021-22. It said the amount is a jump of more than 250 per cent compared to last year's procurement through the portal. "Procurement orders by the MoD through Government e-Market (GeM) portal have reached an all-time high of Rs 15,047.98 crore for the financial year 2021-22," the ministry said in a statement. The GeM was started in August 2016 to revamp the old tender process and bring greater probity and transparency in government procurement through digitisation. In a short span since its inception, the defence ministry has embraced the digital drive and embarked on this path with absolute resoluteness, the ministry said. "Despite multiple challenges on the ground, the results have been astounding," the ministry noted. "The MoD is committed to contributing significantly to the Government's vision of promoting digitisatio

Why we must clearly define atmanirbharta and our reasons for chasing it

Employment deficit is a bigger problem for India than trade deficit. That and the feasibility question should not be lost in PLI's search for strategic self-reliance, writes T N Ninan

Statsguru: Six charts explain India's arms import dependence

The problematic issue, though, is India's paltry share in the world's exports

Third list of defence items banned for import to come out soon: PM Modi

Indian Defence Ministry will come up with a third list of defence items banned for import very soon, PM Narendra Modi said stressing upon self reliant in the sector.

India's defence procurement guided by national security interests: MEA

India had signed a USD 5 billion deal with Russia to buy five units of the S-400 air defence missile systems

Defence Ministry signs Rs 423-cr contract with US for procurement of arms

The defence ministry has signed a contract with the US government to procure MK 54 torpedo and expendables such as chaff and flares for the Indian Navy's anti-submarine warfare aircraft P-8I

Tata, Airbus sign Rs 20,000-cr contract to manufacture military aircraft

The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force. The long-pending procurement was cleared by the Cabinet Committee on Security two weeks back. "Contract signed between #MinistryOfDefence and @AirbusDefence &Space, Spain for procurement of 56 C-295 transport aircraft for the #IAF," Defence Ministry Spokesperson A Bharat Bhushan Babu tweeted. Under the deal, 16 aircraft will be delivered in a flyaway condition by the Airbus Defence and Space within 48 months of signing the contract. The remaining 40 planes will be manufactured in India by a consortium of the Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years of signing the contract, officials said. The C-295 MW aircraft is a transport plane of 5-10 tonne capacity. This is the first project of its kind in which a military aircraft will b

Defence Ministry delegates enhanced financial powers to armed forces

Rajnath Singh approved the expansion of financial powers to the armed forces to cut delays in making purchases for operational preparedness and quickly meet requirements of the field formations

Local procurement for defence to see 6% hike this year: Govt to Parliament

64% defence capital budget for buys from domestic firms

Ministry of Defence allocates Rs 500 cr for designing innovative products

The iDEX initiative was launched by Prime Minister Narendra Modi in April 2018, with the aim of fostering innovation and technology development in defence and aerospace

Rs 43,000-crore tender to build six state-of-the-art submarines cleared

This is first case processed under strategic partnership model

DRDO opens up missile production partnership for Indian private sector

To promote the domestic defence industry, the DRDO has allowed private sector firms to both develop and produce missile systems such as vertical launched surface to air missile systems programme