MoD procurements from Indian vendors over 70 per cent
New Delhi, Nov 25 (IANS) The Defence Ministry has procured over 70 per cent of its requirements from Indian vendors in the 2016-17 fiscal, the government told the Lok Sabha on Friday.
Of the total procurements worth Rs 32,073 crore, Indian vendors supplied equipment worth Rs 22,794 crore, that is about 71 per cent of the total, Minister of State for Defence Subhash Bhamre said in a written reply.
There has been a steady decline in defence procurements from foreign vendors in the last three years.
Between 2014-17, procurements from foreign vendors came down by eight per cent. Simultaneously, the procurements from Indian vendors went up from 62 per cent to 71 per cent, he added.