Defence Ministry "Over Achieves" Procurement Of 'Made-In-India' Equipment
NDTV
"The Ministry of Defence (MoD) had earmarked 64 per cent of capital acquisition budget for domestic industry in financial year 2021-22," it said in a statement.
The Defence Ministry today said it had set aside 64 per cent of the capital acquisition budget for domestic industry in the financial year 2021-22 and has been able to "over achieve" the target.
The ministry said it has utilised 65.50 per cent of the capital acquisition budget on making procurements from domestic sources.
"The Ministry of Defence (MoD) had earmarked 64 per cent of capital acquisition budget for domestic industry in financial year 2021-22," it said in a statement.
"At the end of 2021-22, the MoD has been able to over achieve this target and has utilised 65.50 per cent of capital acquisition budget on indigenous procurements through Indian industry to achieve Prime Minister Narendra Modi's vision of 'Aatmanirbhar Bharat'," it said.
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