In the last six months, the Defence Ministry has signed a total of 28 contracts worth Rs.36,944 crore with Indian and foreign vendors for procuring equipment, the Rajya Sabha was informed on Tuesday.
In a written reply in the Upper House, Defence Minister Manohar Parrikar said that the capital procurement of defence equipment is made as per the Defence Procurement Procedure (DPP).
“The 28 contracts signed include 18 contracts signed with Indian vendors and 10 contracts signed with vendors from US, Sweden, Russia and Israel with a total value of Rs.36,944.48 crore,” he said.
Parrikar also said that a memorandum of understanding (MoU) was signed with France in January 2016 for the purchase of Rafale aircraft, while another was inked with Russia in December 2015 for cooperation in the field of helicopter engineering.
Excluding vendors from France, Germany and Russia, eight contracts have been signed with foreign vendors during 2015-16, including those from US, Sweden and Israel at a total cost of Rs.23,630 crore, the minister added.