Latest News

Majority of defence contracts inked in last 3 years went to DPSUs, OFB

PSU Watch Bureau

PW Bureau

Contracts signed for the purchase of helicopters, naval vessels, radars, artillery guns, simulators, missiles, ammunition, ballistic helmets, bulletproof jackets and electronic fuses

New Delhi: The government said that out of the total 188 contracts signed till October last year, 122 have been signed with defence public sector undertakings (PSUs), PSUs, Ordnance Factory Board (OFB) and private indigenous vendors for capital procurement of defence equipment for Armed Forces under the 'Make in India' programme. The list of defence equipment purchased includes helicopters, naval vessels, radars, artillery guns, simulators, missiles, ammunition, ballistic helmets, bulletproof jackets and electronic fuses. The government has also taken up capital procurement of defence equipment as per the Defence Procurement Procedure (DPP) of 2016.

"DPP-2016 focuses on institutionalising, streamlining and simplifying defence procurement procedure to give a boost to 'Make in India' initiative of the Government of India, by promoting indigenous design, development and manufacturing of defence equipment, platforms, systems and sub-systems," Minister of State for Defence Subhash Bhamre said in a press release.

"Ministry of Defence is committed to the objectives of DPP-2016 and is taking all steps necessary to realize these objectives."

"Currently, Hindustan Aeronautics Limited (HAL) has firm orders to manufacture platforms like Sukhoi Aircraft, Light Combat Aircraft, Dornier Aircraft, Advance Light Helicopter, Chetak and Cheetal Helicopter, which are likely to be executed in the next 3-4 years," the release added.

Stock markets recover early lost ground; trade higher

India's net oil & gas import bill jumps 75% y-o-y to $17.5 bn in May amid West Asia crisis

Global Wind Day 2026: SECI MD highlights wind’s role in lower power costs

NCL’s ‘Nanha Sa Dil’ initiative transforms child heart care; supports 255 free surgeries

CBI arrests an IFS officer in 'misappropriation' of CREST funds case