Government is taking measures for modernization of the Armed Forces, through procurement of new equipment and upgrading of existing equipment so as to ensure that the Armed Forces are equipped to meet the entire spectrum of security challenges. The modernization projects are progressed as per the approved Capital Acquisition Plans and in terms of the extant Defence Procurement Procedure (DPP).
Capital procurement of defence equipment is undertaken from various domestic as well as foreign vendors, based on threat perception, operational challenges and technological changes and to keep the Armed Forces in a state of readiness.
During the last three years and in the current year, 188 contracts have been signed for capital procurement / upgradation of defence equipment for Armed Forces such as Missiles, Aircraft, Artillery guns, Radars, Rockets, Helicopters, Weapons, Simulators, Ballistic Helmets, Bullet Proof Jackets and Electronic Fuzes and Ammunition.
Budget Allocation and Expenditure under Capital Budget Head are given below:-
(Rs. in crore)
(upto November, 2018)
This information was given by Raksha Rajya Mantri Dr. Subhash Bhamre in a written reply to Dr. L. Hanumanthaiah in Rajya Sabha today.