New Delhi, India, April 30, 2012 -The
Stockholm international Peace Research Institute (SIPRI) has reported 38%
increase in the value ofarms imported by India during
2007-11 compared to the period 2002-06.
Acquisition
of defence equipment both from foreign as well as
indigenous sources is in accordance with the modernization programme
of the Armed Forces as per Long Term Integrated Perspective Plan (LTIPP), Five
Year Services Capital Acquisition Plan (SCAP) and Annual Acquisition Plans
(AAPs).
The
amount of expenditure incurred on capital acquisition for modernisation
of Armed Forces through imports during 2007-11 is as under :-
(Rs.
in crore)
|
Year
|
Amount
spent on foreign procurement
|
|
2007-08
|
10166.08
|
|
2008-09
|
10184.95
|
|
2009-10
|
13411.91
|
|
2010-11
|
15443.01
|
With
a view to achieve greater self reliance in Defence
production, the Defence Industry was opened up for
Indian Private Sector participation in may 2011 with
FDI permissible upto 26%, subject to licensing. Government has announced Defence
Production Policy in January, 2011.
The
‘Make’ Procedure was
promulgated in 2006 to encourage indigenous development. Besides, the government has included a new categorisation ‘BUY & MAKE (Indian)’ in the Defence Procurement Procedure in November, 2009 to
encourage indigenous production. There
is also provision for 30% offset obligation in all Capital Acquisitions categorised as Buy (Global) or Buy & Make with ToT where the estimated cost of the acquisition proposal is
Rs.300 crore or more.
This
information was given by Minister of Defence Shri A.K. Antony in written reply to Shri
Uday Singh and others in Lok
Sabha today.
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