India spends more on Indigenous Defence Equipment’s then on Imported Ones

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  1. Ganesh2691

    Ganesh2691 Regular Member

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    India spends more on Indigenous Defence Equipment’s then on Imported Ones

    India has spent more money on purchase of indigenous defence equipment compared to imports. According to information provided by the government of India, This information was given by Defence Minister Shri AK Antony in a written reply to Shri BhupendraYadav in RajyaSabha today.

    The amount spent on Capital acquisition from indigenous and foreign sources during the last three years and the current year is as follows:

    (Rs. in crores)

    Year Amount spent on Indigenous Foreign

    2009-10 25920.48 13411.91

    2010-11 31444.55 15443.01

    2011-12 27922.7 24193.83

    2012-13 5850.9 5983.93
    (Exp for the 1st qtr.)


    With a view to achieve greater self reliance in Defence production, the Defence Industry was opened up for Indian Private Sector participation in May 2001 with FDI permissible upto 26%, subject to licensing. The `Make` Procedure was promulgated in 2006 to encourage indigenous development. Government included a categorization `BUY & MAKE (Indian)` in the Defence Procurement Procedure in November, 2009 to encourage indigenous production. There is also provision for 30% offset obligation in all Capital Acquisitions categorized as Buy (Global) or Buy & Make with ToT where the estimated cost of the acquisition proposal is Rs.300 crore or more. Government has announced the Defence Production Policy in January, 2011 and Joint Venture Policy for DPSUs in February, 2012.

    India spends more on Indigenous Defence Equipment’s then on Imported Ones | idrw.org
     
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