1. Home
  2. Latest
  3. Business
  4. On import of Defence Equipment, govt says this

On import of Defence Equipment, govt says this

International   |   Glibs Quick   |   Mar 18, 2020, 16:55 PM

An amount of Rs. 45,705.57 crore has been spent on the import of Defence equipment during the year 2018-19. Percentage of Defence Budget (Defence Services Estimates) spent for the financial year 2018-19 on salaries is 46.10% and on Defence Research & Development Organisation (excluding Salaries) is 4.42%. Weapons in this Ministry are procured under the Capital Acquisition Budget, which amount to 24.73% of Defence Budget for the year 2018-19.

Capital procurement of defence equipment is undertaken from various domestic as well as foreign vendors, based on operational requirement of the Armed Forces to keep the Armed Forces in a state of readiness to meet the entire spectrum of security challenges.  The major countries from which defence equipment have been procured include Russia, USA, Israel, France  and United Kingdom.

This information was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to Shrimati Meenakashi Lekhi in Lok Sabha today.

 

Related News

Follow us
Copyright © 2019 GLIBS Quick
Powered By Shrikishan Media Pvt. Ltd.
Developed By Bizolution Technologies Pvt. Ltd.