Fifty eight contracts worth over US$19 billion (INR 1,21563 CR) have been signed with foreign vendors for acquisition of defence equipment for the armed forces in the last three financial years, Indian government said Friday.
In information given by India's Minister of State for Defence Dr. Subhash Bhamre to the Parliament Friday, the government signed 18 contracts worth INR 11261.72 Crore in the year 2014-15, 17 contracts worth INR 29171.75 Crore in 2015-16 and 23 contracts worth INR 81129.62 Crore in 2016-17, with foreign vendors mainly from USA, Russia, Israel, UK, Germany, France and Sweden.
The government also signed three contracts worth INR 1579.21 Crore as of June 2017.
Bhamre said that the Indian government is taking measures for modernization of the Armed Forces, through inducting of new equipment and upgrading of existing equipment and systems. The modernization projects are progressed as per Services Capital Acquisition Plans and under the extant Defence Procurement Procedure.
Bhamre said last month in Parliament that foreign direct investment policy in defence sector has been gradually liberalised in the last two years to encourage defence indigenisation.
Bhamre had also said earlier this year that seven of the 37 contracts signed by India for the procurement of weapons and military platforms over the past two years were with Israel. This made the Jewish state India’s second biggest source for weapons after the United States, with nine contracts signed.
India should co-develop the fifth generation stealth fighter with Russia, says a panel that was appointed by the countrys defence ministry to examine a fifth generation fighter aircraft (FGFA) project based on the PAK-FA. The committee, headed by Air Marshal Simhakutty Varthaman (retd), has recommended India should go ahead with it in the face of reservations by the Indian Air Force,
The Indian Navy conducted trials of French Rafale, Swedish Saab Sea Gripen, Russian MiG-29K and American F-18 for its $11B (INR 75,000 crore) fighter jet procurement deal for its aircraft carriers. The Indian Navy recently invited foreign vendors to carry out trials to see if the planes could operate off the aircraft carrier INS Vikramaditya, reported
Indian state-run Hindustan Aeronautics Limited (HAL) has conducted successful trails of its Jaguar DARIN III aircraft with active electronically scanned array (AESA) radar as well as 28 new sensors. The maiden flight test was conducted on Friday is the first aircraft operated by the Indian Air Force (IAF) to have electronically controlled AESA radars,
Indian Air Forces Jaguar fighter jets are flying without autopilots, a crucial flying aid, that is unrealised even after 20 years. The flying aid capability was envisaged by the air force in 1997 for Jaguar aircraft however, it has remained unrealized even after two decades, the Comptroller and Auditor-General has said in a report presented in Parliament on July 28
The government plans to sell 25% of its stakes from state-owned Mazagon Dock, Bharat Dynamics, Garden Reach Shipbuilders & Engineers and Mishra Dhatu Nigam to meet its Rs 72,500 ($11.38 billion) divestment target during the year to March 2018
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