Domestic Procurement In Defence Sector

The Defence Ministry today said it had set aside 64 per cent of the capital acquisition budget for domestic industry in the financial year 2021-22 and has been able to "over achieve" the target.

Defence Minister Manohar Parrikar has sought to allay fears expressed by domestic and foreign defence firms that only big companies might get benefit from the proposed strategic partnership move of the government in critical segments like submarines, aircraft and missiles.

The Defence Ministry today said it had set aside 64 per cent of the capital acquisition budget for domestic industry in the financial year 2021-22 and has been able to "over achieve" the target.

Defence Minister Manohar Parrikar has sought to allay fears expressed by domestic and foreign defence firms that only big companies might get benefit from the proposed strategic partnership move of the government in critical segments like submarines, aircraft and missiles.