Government

MoD uses 65.50 per cent of Capital Budget on domestic buy

Ministry of Defence (MoD) had earmarked 64 per cent of Capital Acquisition Budget for domestic industry in Financial Year (FY) 2021-22. At the end of FY 2021-22, MoD has been able to over achieve this target and has utilised 65.50 per cent of Capital Acquisition Budget on indigenous procurements through Indian Industry to achieve Prime Minister Shri Narendra Modi’s vision of 'Aatmanirbhar Bharat'. Further, as per preliminary expenditure report of March 2022, MoD has been able to utilise 99.50 per cent of the Defence Services Budget in FY 2021-22.

DAC Approves Proposals worth 8,357 cr

The Defence Acquisition Council (DAC), in its meeting of 22nd March 2022 held under the Chairmanship of Raksha Mantri Shri Rajnath Singh, accorded Acceptance of Necessity (AoN) for Capital Acquisition proposals of Armed Forces amounting to Rs 8,357 crore. As an impetus to ‘Aatmanirbhar Bharat’, all of these proposals have been approved under ‘Buy (Indian IDDM)’ category with focus on indigenous design & development and manufacturing in India.

DAC Approves Light Tank under Make1

In a major boost to Prime Minister Shri Narendra Modi’s clarion call for ‘Aatmanirbharta’, Ministry of Defence (MoD), in a landmark step, has offered four projects to the Indian Industry for design & development under Make-I category of Defence Acquisition Procedure (DAP) 2020. The industry will be provided financial support for prototype development of these projects. The list of projects which were accorded ‘Approval In-Principle (AIP)’ by Collegiate Committee of MoD is as follow:

DRDO & Israel Signs Bilateral Innovation Agreement

As a tangible demonstration of the growing Indo–Israeli technological cooperation, Defence Research and Development Organisation (DRDO) and Directorate of Defence Research and Development (DDR&D), Ministry of Defence, Israel have entered into a Bilateral Innovation Agreement (BIA) to promote innovation and accelerated R&D in startups and MSMEs of both countries for the development of dual use technologies.

India & US hold 11th Defence Technology meeting

The 11thDefence Technology and Trade Initiative (DTTI) Group meeting between India and the United States (US) was held virtually on November 09, 2021. The meeting was co-chaired by Secretary (Defence Production) Shri Raj Kumar from Ministry of Defence, Government of India and PTDO (Performing the Duties of) Under Secretary of Defence for Acquisition and Sustainment from US Department of DefenceMr Gregory Kausner.

India approves proposals worth Rs 7,965 crore

The Defence Acquisition Council (DAC), in its meeting of November 02, 2021 held under the chairmanship of Raksha Mantri Shri Rajnath Singh, accorded Acceptance of Necessity (AoN) for capital acquisition proposals for modernisation and operational needs of the Armed Forces amounting to Rs 7,965 crore. All of these proposals (100%) are under ‘Make in India’ with focus on design, development and manufacturing in India.