Question: Contracts worth ——– have been signed with Indian Vendors for procurement of defence equipments in the last three financial years under Make in India.
(a) Rs. 60,471 crores
(b) Rs. 67,5668 crores
(c) Rs. 72,574 crores
(d) Rs. 65,471.28 crores
Answer: (d)
Related facts:
- Contracts worth Rs. 65,471.28 crores have been signed with Indian Vendors for procurement of defence equipment in the last three financial years i.e. from 2015-16 to 2017-18.
- Defence sector promotes Make in India for manufacturing the defence equipment in country by harnessing the capability of both Public and Private sector. It sets to promote indigenous design, development and manufacture of defence equipments.
- In the last three financial years 111 proposals of been accorded Acceptance of Necessity (AoN) by the government worth Rs. 1,78,900 crores approximately under Buy (Indian-IDDM), Buy (Indian), Buy and Make (Indian) or Make categories of capital procurement as per Defence Procurement Procedure (DPP), that is Request for Proposal (RFP) is issued only to Indian Vendors.
- In the last three financial years i.e. from 2015-16 to 2017-18, 99 contracts worth about Rs.65,471.28 crore have been signed with Indian vendors for procurement of defence equipment.
- Defence Production Policy was promulgated in 2011 aiming to achieve substantive self reliance in the design, development and production of equipment, weapon system, platforms required for defence at the earliest.
- This also provides opportunities to private industry to play an active role in enhancing potential of Small and Medium Enterprises (SMEs) in indigenisation and broadening the defence R&D base of country.
- A yet to be finalized Defence Production Policy`s (DPP) 2018, first draft was prepared and placed in public domain for providing a focused, structured and significant thrust to development of defence design and production capability in the country.
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