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23 August 2024 at 4:29:04 pm

Kaleidoscope

A worker prepares strings for a kite spool, 'manjha' as part of preparations ahead of the 'Makar Sankranti' festival in Rajkot on Thursday. Actor Priyanka Chopra Jonas and comedian Kapil Sharma pose for a picture during the filming of 'The Great Indian Kapil Show' in Mumbai. Officer cadets march during the Commandant's Parade, ahead of their Passing Out Parade (POP), at the Indian Military Academy (IMA) in Dehradun on Thursday. A woman protects herslf with warm clothes on a cold winter...

Kaleidoscope

A worker prepares strings for a kite spool, 'manjha' as part of preparations ahead of the 'Makar Sankranti' festival in Rajkot on Thursday. Actor Priyanka Chopra Jonas and comedian Kapil Sharma pose for a picture during the filming of 'The Great Indian Kapil Show' in Mumbai. Officer cadets march during the Commandant's Parade, ahead of their Passing Out Parade (POP), at the Indian Military Academy (IMA) in Dehradun on Thursday. A woman protects herslf with warm clothes on a cold winter morning in Gurugram on Thursday. Farmer sort harvested lotus stems, locally known as 'Nadroo', at Anchar Lake, in Srinagar, on Thursday.

Army finalises ₹85,000 cr procurement push with focus on Make-in-India

  • PTI
  • Apr 22
  • 2 min read

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NEW DELHI: The Indian Army has finalized major procurement deals worth ₹85,000 crore for the year 2024-25, focusing strongly on self-reliance. “A total of 26 capital procurement contracts amounting to ₹85,000 crore have been approved in the capital budget, and only three of them involve foreign vendors,” an Army source said.


Regarding the use of the capital budget, the source added, “The Army spent ₹35,000 crore, and 95% of that went to domestic suppliers, further strengthening the Make-in-India initiative.”


Army officials believe that spending on local procurement not only boosts defence capabilities but also supports economic growth and job creation. “This historic ₹85,000 crore procurement marks a strong push for self-reliance and significantly enhances India’s military readiness for the future,” a defence official stated.


He also noted that the focus on local procurement and indigenous production is “not just improving operational strength but also giving a strong boost to the economy through job creation, investment, and industrial development.”

This move, part of the Aatmanirbhar Bharat initiative, aims to grow India’s domestic defence manufacturing sector. “It is expected to increase GDP, promote economic growth, and generate thousands of skilled jobs,” the official added.


For 2024-25, the total defence budget was ₹6,21,541 crore. In the Union Budget for 2025-26, ₹6,81,210.27 crore has been earmarked for the Ministry of Defence. The capital outlay for 2024-25 stands at ₹1.72 lakh crore, which is used for acquiring new weapons, systems, and equipment.


“In today’s changing geopolitical environment and evolving modern warfare trends, India’s armed forces must be equipped with advanced technology and cutting-edge weapons. With this in mind, ₹1,80,000 crore has been set aside for capital expenditure, which is a 4.65% increase over the 2024-25 budget estimate,” the Ministry of Defence said.


DefExpo may be held in Ranchi

If all goes as planned, the next edition of India’s DefExpo could take place in Ranchi, Jharkhand. “The international five-day DefExpo is likely to be hosted in Ranchi, the Lok Sabha constituency of Minister of State for Defence Sanjay Seth,” a source revealed.

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