INDIGE­NOUS PRO­DUC­TION OF DE­FENCE EQUIP­MENT

SP's Aviation - - NEWS -

A press re­lease on May10, 2016, by the Min­istry of De­fence (MoD) high­lighted the steps be­ing taken for indige­nous pro­duc­tion of de­fence equip­ment. It stated that cap­i­tal pro­cure­ment of de­fence equip­ment/weapons is car­ried out as per the De­fence Pro­cure­ment Pro­ce­dure (DPP). Dur­ing the last three years, 56 con­tracts have been signed with for­eign ven­dors with cu­mu­la­tive value of ` 53,684.32 crore

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