Ministry of Defence
Defence Modernization Projects
Posted On:
17 MAR 2017 6:18PM by PIB Delhi
Government has taken measures to ensure the modernisation of Indian Defence Forces, to keep the Forces in a state of readiness to meet various operational and security challenges. This is achieved by inducting new equipment, technologically upgrading existing equipment and systems, training etc. The above referred modernisation projects are progressed as per approved Services Capital Acquisition Plan and Annual Acquisition Plans in terms of extant Defence Procurement Procedure.
During the last two years, 108 contracts involving Rs.112736.81 crore have been signed with Indian and foreign vendors for procurement of various equipment including aircraft, helicopters, missiles, frigates and radars. Government regularly monitors progress of ongoing procurement projects so as to ensure that these are concluded expeditiously.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri Dinesh Trivedi in Lok Sabha today.
NAMPI/Rajib
(Release ID: 1484820)
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