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Defence services has gone up from Rs 80,959.08 cr in financial year 2019-20 to Rs 1,32,301.27 cr in 2023-24, the govt informed the Parliament

Get latest articles and stories on India at LatestLY. There is "no meagre allocation" of resources for defence modernisation, and allocation for it under total capital outlay for defence services has gone up from Rs 80,959.08 crore in financial year 2019-20 to Rs 1,32,301.27 crore in 2023-24, the government informed the Parliament on Friday. India News | Defence Allocation Gone Up from Rs 80,959.08 Cr in 2019-20 to Rs 1,32,301.27 Cr in 2023-24: Govt.

Capital procurement of defence equipment is carried out as per the Defence Acquisition Procedure (DAP 2020) with a focus on Atmanirbhar Bharat, MoS Defence Ajay Bhatt said.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The value of India’s defence production has crossed the figure of Rs one lakh crore for the first time ever during financial year 2022-23, the Parliament was told on Friday.

The value of defence production crossed Rs 1 lakh crore-mark in 2022-23 - the first time ever in the country, the central government said on Friday.

The value of India's defence production has crossed the figure of Rs one lakh crore for the first time ever during financial year 2022-23, the Parliament was told on Friday.In a written reply in the Lok Sabha, Minister of State for Defence Ajay ...

Defence production in India crossed the Rs 1 lakh crore-mark for the first time in 2022-23, according to a statement from Minister of State for Defence Ajay Bhatt. The government has encouraged the creation of indigenous design and manufacture of defence equipment, with schemes including Innovations for Defence Excellence, Technology Development Fund and Make procedure under Defence Acquisition Procedure 2020 set up to support the promotion of defence technology and improve ease of business.

Minister of State for Defence Ajay Bhatt, in a written response to a query in Lok Sabha, also said that the government in the past few years has encouraged indigenous design and manufacture of defence equipment by the local industry.

New Delhi: The value of defence production crossed Rs 1 lakh crore-mark in 2022-23 the first time ever in the country, the central government said on