PROGRESS OF MAKE IN INDIA INITIATIVE
Minister of State for Defence Dr. Subhash Bhamre in a written reply in the Lok Sabha on August 4, stated that ‘Make in India’ in defence manufacturing is primarily driven by capital acquisition of defence equipment and other policy measures taken to promote indigenous design, development and manufacture of defence equipment in the country. The Capital expenditure on procurement of defence equipment by three Services, from Indian vendors has increased from ` 31,575 Crore (about $4.85 billion and 47 per cent of total procurement value) in 2013-14 to ` 41,873 Crore (about $6.44 billion and 60.5 per cent of total procurement value) in 2016-17. In last three financial years i.e. 2014-15 to 2016-17, the Government has accorded Acceptance of Necessity (AoN) for 145 proposals worth ` 3,99,800 Crore (about $61.5 billion)approximately, out of which 103 proposals worth ` 2,46,400 Crore (about $ 37.9billion) approximately have been approved under ‘Buy (IndianIDDM)’, ‘Buy (Indian)’, ‘Buy and Make (Indian)’ and ‘Make’ categories of capital acquisition. After opening up of the Defence Industry Sector for private Sector participation in 2001, so far 342 Let (ILs) have been issued to 205 Indian companies for manufacture of a wide companies. 13 ILs have been issued to 12 Indian companies for manufacture of fighter aircrafts, helicopter, or their country.