The capital outlay for the three defence services for the purchase of new equipment, weapons, aircraft, warships and other military vehicles stood at Rs 86,488 crore for 2016-17 as compared to Rs 78,586 crore for this fiscal.
While the recent liberalisation of Defence Procurement Policy in 2016 (DPP 2016) is a welcome move by the government, there are still concerns that remain.
Supporting the business case for private companies in India is key to drive their credible participation in defence projects
Armed forces' pay-and-rank parity: PMO told defence ministry to get forces involved in policy; MoD did opposite
The news item elaborated that PMO strongly believed matters relating to the armed forces should not be decided by civilian bureaucrats sitting in North and South Block and that the military leadership should be involved more in decision-making.
Defence sources said if all goes well, the Inter Governmental Agreement (IGA) on rafale deal will be signed on 23 September.
India on Saturday extended $500 million Line of Credit to Vietnam for facilitating deeper defence cooperation with the south east Asian nation
The present removal of FDI cap is likely to be first exploited mainly by lower tier foreign defence suppliers
100% FDI in defence will be a big boost for ‘Make in India’ in defence.