New Delhi, Dec 17: Procurement of defence equipment is undertaken from various domestic as well as foreign vendors, based on threat perceptions, operational challenges and technological changes and to keep the Armed Forces in a state of readiness to meet the entire spectrum of security challenges.
During the last two financial years, 73 contracts involving a value of Rs. 72,303.34 crore were signed with Indian vendors and 35 contracts involving a value of Rs. 40,433.47 crore were signed with foreign vendors for capital procurement of defence equipment.
Defence Research and Development Organisation (DRDO) is primarily involved in design and development of strategic, complex and security sensitive systems in the fields of armaments, missiles, unmanned aerial vehicles, radars, electronic warfare systems, sonars, combat vehicles, combat aircraft, sensor etc for the Armed Forces as per their specific Qualitative Requirements. DRDO also interacts with public and private companies in technology development projects.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri Ravneet Singh in Lok Sabha yesterday.
Source: PIB
