AnalysisInFocusMake In IndiaManufacturingNews

Defense Ministry is Procuring 70% from Indian Vendors

Sharing is caring!

The Defence Ministry has procured over 70 per cent of its requirements from Indian vendors in the 2016-17 fiscal, Minister of State for Defence Subhash Bhamre told the Lok Sabha.

NEW DELHI: Of the total procurements worth Rs 32,073 crore, Indian vendors supplied equipment worth Rs 22,794 crore, that is about 71 per cent of the total, Minister of State for Defence Subhash Bhamre said in a written reply.

There has been a steady decline in defence procurements from foreign vendors in the last three years.

Between 2014-17, procurements from foreign vendors came down by eight per cent. Simultaneously, the procurements from Indian vendors went up from 62 per cent to 71 per cent, he added.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: