New Delhi: The equipment requirements of the Armed Forces are planned and progressed through a detailed process which includes 15 year Long Term Integrated Perspective Plan (LTIPP), a five year Service-wise Capability Acquisition Plan and a two year roll-on Annual Acquisition Plan. The capital procurement of defence equipment is carried out as per the Defence Procurement Procedure (DPP). During the last two years and current year, 135 contracts with total value of Rs.1,91,018.78 crore have been signed with Indian and foreign vendors for capital procurement of defence equipment such as micro unmanned aerial vehicles (UAV), ships, missiles, frigates, rockets, simulators, aircraft, helicopters, radars and rifles.
The Government has recently issued guidelines for penalties in business dealings with entities, which include levy of financial penalties and suspension / ban on dealings with entities involved in wrong doings.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri Derek O’ Brien in Rajya Sabha today.
