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

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

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.



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

  1. MP Udayanarayana  May 6, 2015 at 1:55 am

    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


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