Friday, June 26, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Contract

Foreign vendors gets Rs.165,590cr contracts

Fiinews by Fiinews
January 3, 2019
in Contract, Imports, Manufacturing
Reading Time: 2 mins read
A A
0
0
SHARES
11
VIEWS
LinkedinShare on Twitter

S-400 system delivery from Oct 2020

 

Tata Motors

Sixty-seven contracts, worth about Rs.165,590 crore, have been signed with foreign vendors for capital procurement of defence equipment for Armed Forces during the last three years as of October 2018.

Also signed were 121 contracts worth Rs.73,918 crore with Indian vendors for defence equipment procurement, Minister of State for Defence Dr. Subhash Bhamre said in a written reply to the Lok Sabha on 2 Jan 2019.

The defence acquisition included Radars, Aircraft, Rockets, Artillery Guns, Helicopters, Missiles, Ballistic Helmets, Bullet Proof Jackets, Weapons, Simulators and Ammunition.

He pointed out that DPP-2016 focuses on institutionalizing, streamlining and simplifying defence procurement procedure to give a boost to the “Make in India” initiative.

It promotes indigenous design, development and manufacturing of defence equipment, platforms, systems and sub-systems.

He assured that the Defence Ministry is committed to the objectives of DPP-2016.

Meanwhile, the Government has also promulgated the policy of Strategic Partnership in the Defence Sector which encourages participation of the private sector in manufacture of major defence platforms and equipment in four selected segments viz. Submarines, Fighter Aircraft, Helicopters and Armoured Fighting Vehicles/Tanks.

Dr Bhamre said the delivery of S-400 system from Russia will commence from October 2020 and will be completed by April 2023.

This is under a contract signed on 5 October 2018.

The system will provide a very capable air defence coverage to Vulnerable Areas and Vulnerable Points (VAs/VPs).

The Government is aware of all developments that may impact procurement of defence equipment and it takes sovereign decision based on threat perception, operational and technological aspects to keep the Armed Forces in a state of readiness to meet the entire spectrum of security challenges, he stressed. fiinews.com

Tags: Ministry of Defence
ShareTweetShare

Related Posts

Sai Life Sciences
Manufacturing

Manufacture: Sai Life strengthens PR&D-AR&D

by Fiinews
June 26, 2026
0
13

Company to hire under FY27 talent expansion plans Sai Life Sciences (BSE: 544306 I NSE: SAILIFE), one of India's fastest...

Kody medigo platform
Manufacturing

Manufacture: Kody to manufacture Medigo

by Fiinews
June 24, 2026
0
14

Patel sees long-term, multi-geography deployment of medical robotics platforms Mumbai-listed Kody Technolab Limited (NSE: KODYTECH), a leading deep-tech robotics and...

Calpis-Asahi

Manufacture: CALPIS to be produced in India

June 22, 2026
15
Bharat Forge

Manufacture: MoD to acquire 125 MW generators

June 22, 2026
18
Jabil

Manufacture: Jabil adds new factory in Pune

June 20, 2026
23
Lubrizol

Manufacture: Vilayat to serve India with CPVC

June 19, 2026
23
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Manufacture: Sai Life strengthens PR&D-AR&D
  • Tech: 9 startups to address urban challenges
  • Tech: Partners set up GCC in India
  • Export: Minister urges EPCs to engage DGFT
  • Tender: Mumbai Port gets Rs.3,541.29cr projects

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.