Share of Indian Companies in defence contracts increases to 75.03%

As per the recent information from the Union Defence Ministry, the share of Indian companies in contracts awarded by the Union Defence Ministry for procurement of defence equipments is 75.03 per cent in 2019-20.

The share has increased from 39.06 per cent in 2015-16 to 75.03 per cent in 2019-20 as the Ministry tries to procure indigenously manufactured equipments to the maximum extent. In the last five years 158 contracts were signed with Indian vendors against 100 foreign contracts.