Defence contracts worth Rs 71,000 cr signed till October

New Delhi, Nov 22 (IANS) India has signed defence contracts worth Rs 71,000 crore with foreign vendors, parliament was told on Tuesday.

“During the current financial year (up to October), 15 contracts with value of Rs 71,953 crore have been signed with foreign vendors including those from France, US, Russia, Israel, UK, and Germany for capital procurement of various defence equipment including aircraft, missiles and ammunition,” Minister of State for Defence Subhash Bhamre told the Rajya Sabha in a written reply.

During the last financial year, the ministry has signed 17 contracts with value of Rs 29,171 crore, he added.