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Press Information Bureau
Government of India
Ministry of Defence
26-February-2016 16:30 IST
Defence Projects Under Make in India Programme

The objectives of ‘Make in India’ programme of the Government are pursued by according preference to ‘Buy (Indian)’, ‘Buy and Make (Indian)’ & ‘Make’ categories of capital acquisition over ‘Buy & Make (Global)’ or ‘Buy (Global)’ categories and other policy initiatives such as liberalization of FDI policy & Industrial Licensing policy, simplification of export procedures, creating level playing field for Indian private and public sector companies. In the current Financial Year 2015-16, 33 capital acquisition proposals amounting to Rs.55,800 Crore (approximately ) have been accorded ‘Acceptance of Necessity (AoN)’under ‘Buy (Indian)’ and ‘Buy & Make (Indian)’ categories of capital acquisition till Jan 16.

So far, 34 FDI proposals/Joint Ventures have been approved in defence sector for manufacture of various defence equipment, both with Indian public and private sector companies. FDI amounting to Rs. 24.84 crore (US$ 5.02 million) has been received in the Defence Industry Sector from April 2000 to September 2015. Department of Industrial Policy & Promotion (DIPP) has issued 319 Industrial Licenses (ILs) to 190 Companies for manufacture of various defence equipment till December 2015.

This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to Shri Rajesh Kumar Diwaker and Shri Pralhad Joshi in Lok Sabha today.

NAMPI/RAJ