India Signed 162 Contracts Valued At $19 billion In The Last Three Years

  • Our Bureau
  • 10:30 AM, February 27, 2016
  • 2005

During the last three years 162 contracts with total value of INR133093 Crore ($19.3 billion) have been signed with Indian and foreign vendors for procurement of defence equipment, including Ships, Missiles, Rockets, Simulators, Tanks, Guns, Aircrafts, Helicopters and Radars.

India signed contracts worth INR 44306 Crore ($6.4 billion) in 2012-13, INR 23927 Crore ($3.4 billion) in 2013-14 and 64859 Crore ($94 billion) in 2014-15, Defence Minister Shri Manohar Parrikar said in a written reply to the Parliament Friday.

The 162 contracts include 95 contracts signed with Indian vendors and 67 with vendors from foreign countries, including Russia (18), USA (17), Israel (13), France (6) and others (13). A Memorandum of understanding has been signed with the Government of France on 25th January 2016 for the purchase of 36 Rafale Aircraft.  Price negotiation is underway.

During the last three years and current year, Defence Cooperation agreements have been signed with Peru, Saudi Arabia, Japan, Sudan, USA, Kazakhstan, Turkmenistan, Kyrgyzstan, Singapore and Brunei.

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