Minister of State for Defense Ajay Bhatt said in the Rajya Sabha that the Central Government has approved 163 proposals worth Rs 2,46,989 crore under various categories of capital procurement for the Armed Forces in the last three years. The share of procurement from domestic companies is increasing, he said.
Emphasis on the purchase of indigenous defense products
Bhatt said that this approval was given under various categories of capital procurement to promote domestic manufacturing. He said that the government is emphasizing indigenization and procurement of defense products from domestic resources. The expenditure on defense procurement from foreign sources has come down from 46% to 36% in the last four years from 2018-19 to 2021-22. This year the target is 68 percent.
Defense imports decreased, but exports increased
Year Import Export
2022-23 - 6,058*
2021-22 50,061.68 12,815
2020-21 53,118.58 8,435
2019-20 47,961.47 9,116
2018-19 45,705.57 0,746
Weather Update: The mercury has started falling due to snowfall in the hilly areas. Be it Kashmir
PM Modi Mahakumbh: Today PM Modi will take a dip in the holy confluence, will visit the fair
Prime Minister Narendra Modi will visit the Maha Kumbh Mela in Prayagraj today. After taking a di
Prime Minister Narendra Modi will hold formal-informal talks with foreign ministers of 40 countri
In February next year, Vijay Devarakonda and Rashmika Mandana will marry, this was confirmed by t
Congress leader Rahul Gandhi is ready to start the 'Bharat Nyay Yatra' on January 14. This journe
India won the T20 World Cup for the first time in 2007 under the captaincy of Mahendra Singh Dhon
The first batch of 360 Indians evacuated from violence-hit Sudan under Operation Kaveri arrived i
The Indian government had instructed all phone companies that all new smartphones launched in the
The bad economic condition has taken away all the swagger of Pakistan and now it has reached almo
The helicopter of Uttar Pradesh CM Yogi Adityanath, who was coming to address an election rally i
