83 contracts have been signed for capital procurement of defence equipment for the three forces during 2014. 27 Requests for Proposal (RFP) were retracted during this period due to various reasons such as single vendor situation, noncompliance to Staff Qualitative Requirements (SQR), non-extension of Bid validity by vendor etc.
Capital expenditure of Rs. 69,269.75 crore has been incurred in Financial Year 2014-15 (upto February 2015) of which Rs. 56,776.47 crore is on Capital Acquisition. A cut of Rs. 12,622.71 crore under capital head, has been imposed by Ministry of Finance in Revised Estimate 2014-15 over Budget Estimate provision of Rs. 94,587.95 crore.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri Prahlad Singh Patel in Lok Sabha today.
DM/NAMPI/RAJ
Capital expenditure of Rs. 69,269.75 crore has been incurred in Financial Year 2014-15 (upto February 2015) of which Rs. 56,776.47 crore is on Capital Acquisition. A cut of Rs. 12,622.71 crore under capital head, has been imposed by Ministry of Finance in Revised Estimate 2014-15 over Budget Estimate provision of Rs. 94,587.95 crore.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri Prahlad Singh Patel in Lok Sabha today.
DM/NAMPI/RAJ
