Modernisation of the Armed Forces is a continuous process and is undertaken based on threat perception, operational challenges and technological changes required to keep the Armed Forces in a state of readiness to comprehensively meet various security challenges. During 2015-16, 61 Contracts have been signed for capital procurement of defence equipment for Armed Forces including Radars, Missiles, Rockets, Helicopters, Aircrafts and Simulators.
A number of measures have been taken to achieve self-sufficiency in defence production by harnessing the capabilities of the public and private sector. These measures include provisions for according priority and preference to procurement from Indian vendors under the Defence Procurement Procedure, liberalization of the licensing regime and providing access to modern and state-of-the-art technology to Indian industry by raising the cap on FDI in the defence sector.
The DPP-2016 has introduced provisions for expediting the procurement process. The progress of procurement cases is also monitored frequently and closely at various levels in the Government.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri PK Biju and others in Lok Sabha today.
(Release ID :153883)