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Acquisition of Weapons

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Delhi
Acquisition of Weapons

Procurement of defence weapons and equipment is an ongoing process in which Government acquires equipment and technologies keeping in view, inter alia, the security situation, the equipping requirements of the Armed Forces, technology advances and available budgetary resources.

During the last two financial years, 108 contracts with a total value of Rs. 112736.81 Crore have been signed for capital procurement of defence equipment including Ships, Missiles, Frigates, Rockets, Simulators, Aircrafts, Helicopters and Radars. In addition, in the last two financial years, the Defence Acquisition Council has accorded Acceptance of Necessity (AoN) for 114 cases with a total value of Rs. 2,25,022 Crore. These include AoNs for 155mm Gun systems, Helicopters, and Warships.

To cater to the equipping requirements of the Armed Forces, the Defence Procurement Procedure 2016 has been promulgated with effect from 01.04.2016, which has specific provisions to facilitate swift decision making, promote self-reliance and improve transparency and accountability in procurements.

This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri Vinayak Bhaurao Raut and others in Lok Sabha today.

DM/NAMPI/RAJ
 

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First Published: Nov 18 2016 | 8:20 PM IST

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