Newsworthy

Indian Defence procurements worth Rs 1,10,000 crore cleared; 90% under ‘Make in India’

Indian Defence procurements

NEW DELHI: In a push to PM Narendra Modi’s dream campaign, Defence Minister Manohar Parrikar on Monday said that the ministry has cleared procurement worth Rs 1,10,000 crore, of which 90% are under ‘Make in India’.

With reference to procurement, Parrikar sought to assure that the finalistion of defence procurement procedures will be completed in the next 2-3 months.

Ahead of French defence minister Jean-Yves Le Drian’s visit, Parrikar said that negotiations for procurement of Rafale fighter jets for IAF will begin this month and the multi-billion dollar deal will be finalised “as early as possible”.

“The government to government committee will be set up which will begin negotiations on the deal. The negotiations will start anytime in May and we have to conclude them as early as possible,” Parrikar said.

He, however refused to set any deadline to seal the much hyped deal claiming “since it is government to government procedure, the deal would be quick”.

The French defence minister is expected to be in New Delhi on May 6 to finalise the modalities for the negotiations.

“He will visit only for the purpose of setting up modalities and take the process forward. We will not be directly involved in future talks. The committee is being appointed for it by two governments to kick start the process and fix the modalities,” Parrikar said.

The Defence minister said the government appointed committee will complete the negotiations in a time bound fashion.

He said that procedure to work with countries in defence sector has been well established.

“We are working government to government with many countries including the US, Israel and Russia. We have already worked with France in past,” Parrikar said.

He said since it is an important deal the negotiation aspects will be discussed by the governments and terms for the committee would be set up by the defence ministries.

Prime Minister Narendra Modi during his visit to France last month had signed an agreement to buy 36 Rafale fighter jets for over $6 billion.

[Source]

1 Comment

Click here to post a comment

Your email address will not be published.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

  • What congress- Ruled for 60+ years- has to say about this ?
    No Vision-Hidden agenda- Getting Hefty Commisions on this account so far Still the claim True Champions of Our country- by diverting -taking name of Dr Ambedkar-Dalits -Minorities Secularism Etc Etc
    Many People are there to belive that Rubbish

Like us on Facebook

Follow us on Twitter

css.php
More in Newsworthy
Nepal launches inquiry as Pakistan sends beef masala to Hindu majority country where cow slaughter is banned
Nepal launches inquiry as Pakistan sends beef masala to Hindu majority country where cow slaughter is banned

Cows are treated as sacred in Nepal,...

Nepal launches inquiry as Pakistan sends beef masala to Hindu majority country where cow slaughter is banned
Nepal launches inquiry as Pakistan sends beef masala to Hindu majority country where cow slaughter is banned

Cows are treated as sacred in Nepal,...

Rs. 5000 fine for burning waste in open
Rs. 5000 fine for burning waste in open

Imposing a complete ban on burning of...

Human Crisis In Nepal Fuels A Cultural One
Human Crisis In Nepal Fuels A Cultural One

On Kathmandu's Basantapur Durbar Square on Tuesday,...

Close