Rajya Sabha: Purchase proposals worth Rs 2.46 lakh crore approved for the armed forces in the last three years

Posted on 20th Dec 2022 03:07 pm by rohit kumar

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

 

Also Read: Politics: Congress surrounds Foreign Minister Jaishankar's son on funding from China, Pawan Kheda makes serious allegations

Other news

Bharat Jodo Nyay Yatra: 'If you have courage, show it by arresting'; Congress's march continues from Dhubri, Assam

Congress' Bharat Jodo Nyay Yatra led by Rahul Gandhi proceeded from Dhubri in Assam on Thursday.

CTET Answer Key 2023: CBSE can release the CTET answer key on this day, check the date

CTET 2023 Answer Key: There is a useful update for the candidates who appeared in the recently co

IND vs AUS: Virat's return to form will make him forget the bitter memories of Adelaide 2020, he has scored a century in four day-night tests

After breaking the pride of Australia in Perth, the Indian team is ready to take revenge for the

IPL 2024: KKR's victory depends only on Andre Russell and Sunil Narine. The former CSK star told the truth

Two all-rounders of Kolkata Knight Riders are making a splash in IPL 2024. Sunil Narine and Andre

Weather Update: The situation worsens due to fog in the plains of North India, Meteorological Department warns - the situation will worsen further.

The plains of Indus-Ganga are in the grip of severe fog these days. The Indo-Gangetic plains incl

IND vs ENG: Will Jaiswal get a chance in the semi-finals? India has a chance to take revenge on England, know the playing 11

The T20 World Cup 2024, being co-hosted by West Indies and USA, is now moving towards its peak. T

KKR vs PBKS Pitch Report: Will the batsmen create a ruckus in Kolkata or will the bowlers create a ruckus? Know the pitch report of Eden Gardens

Kolkata Knight Riders (KKR) will face Punjab Kings (PBKS) in the 42nd match of IPL 2024.&nbs

Delhi Flood: Yamuna's water level declines but crisis persists, water filled in ITO area

There has been some reduction in the water level of the swollen Yamuna, but the crisis persists.

Ranveer Allahbadia: 'Everyone can do Raas Leela but if time does it then the character is loose', Kapil's clip goes viral amid IGL controversy

Ranveer Allahabadia's objectionable statement about his parents in 'India's Got Latent' has put h

Ram Mandir: 'Consecration of Ram Temple is not a religious event...' DMK MP said - BJP wants to earn political benefits from this

Politics is at its peak in the country regarding the consecration ceremony of Ram temple. There i