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🔸All recent deals and contracts of MoD

Hello future officers, hope you are doing well!

Here we are sharing all the recent deals and contracts signed my MoD in order to promote atamnirbarta in defence production.

1. 2400 Cr deal with BEL for Project Akashteer and Sarang systems

2. 9100 Cr deals for improved Akash Weapon Systems (AWS) and Swathi Radars

3. 1700 Cr deal with BAPL for procurement of next gen Maritime Mobile Batteries and BrahMos Missiles

4. 19600 Cr deal with Indian shipyards for 11 next gen offshore patrol vessels and 6 next gen missile vessels for IN

5. 1700 Cr deal with BEL for 13 Lynx U2 Fire control system for IN

6. 3000 Cr deal with BEL for procurement of 2 integrated electronic warfare systems Project Himshakti

7. 470 Cr deal with Ultra dimensions Pvt Ltd for modernization of naval aircraft yards at Goa and Kochi

8. 3700 Cr deal with BEL for medium power radars Arudhra and 129 DR-118 radar warning receivers

9. Women workforce in Indian Armed Forces

10. MoD approves 4th Positive Indigenisation List of 928 strategically-important Line Replacement Units/Sub-systems/Spares & Components

11. MOD Signs ₹500 Cr Contract to strengthen Indian Army's Communication System

12. MoD & HAL sign Rs 458 crore contract for two upgraded Dornier Aircraft for Indian Coast Guard

13. Self Reliance in Defence Sector

14. MoD inks Rs 19,000 crore contract with HSL for five Fleet Support Ships for Indian Navy

15. DAC approves AoN for nine capital acquisition proposals for the Armed Forces worth Rs 45,000 crore

16. MoD inks Rs 5,336.25 crore contract with BEL for procurement of Electronic Fuzes for Indian Army for 10 years

17. Several Landmark Decisions of Defence Acquisition Counsil(DAC) of 2023

18. Ministry of Defence signs contracts worth Rs 802 Crores for procurement of military equipment

19. MoD signs contract worth Rs.1,752 Cr with AWEIL for 463 Stabilised Remote Control Guns for Indian Navy & Indian Coast Guard

20. MoD inks contract worth Rs.2269.54 Cr with BEL to procure 11 Shakti Electronic Warfare Systems for Indian Navy

21. DAC clears capital acquisition proposals worth Rs 84,560 crore to boost the capabilities of the Armed Forces & Indian Coast Guard

22. Ministry of Defence signs five major capital acquisition contracts worth Rs 39,125.39 crore

23. MoD inks MoU with BEML Limited, BEL & MIDHANI for indigenous development of Advanced Fuelling & Control System for Engines for heavy duty applications

24. MoD signs contract worth over Rs. 2,890 cr with HAL for Mid Life Upgrade of 25 Dornier Aircraft of Indian Navy

25. MoD signs contracts worth Rs 8073 Cr with HAL for acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III for Indian Army & Indian Coast Guard

26. MoD inks contract with AVNL for 693 Armament Upgrades of Infantry Combat Vehicle BMP2 to BMP2M

27. Defence exports touch record Rs 21,083 crore in FY 2023-24, an increase of 32.5% over last fiscal; Private sector contributes 60%, DPSUs - 40%

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Defence exports touch record Rs 21,083 crore in FY 2023-24, an increase of 32.5% over last fiscal; Private sector contributes 60%, DPSUs - 40%

🔸Number of export authorisations rise to 1,507 in FY 2023-24 from 1,414 in FY 2022-23

✓Defence exports have touched a record Rs 21,083 crore (approx. US$ 2.63 Billion) in the Financial Year (FY) 2023-24, a growth of 32.5% over the last fiscal when the figure was Rs 15,920 crore.

✓The recent figures indicate that the defence exports have grown by 31 times in the last 10 years as compared to FY 2013-14.
 
✓The defence Industry, including the private sector and Defence Public Sector Undertakings (DPSUs), have made tremendous efforts in achieving the highest-ever defence exports.

✓The private sector and the DPSUs have contributed about 60% and 40% respectively.

✓In addition, there has been a rise in the number of export authorisations issued to the defence exporters during FY 2023-24.

✓From 1,414 export authorisations in FY 2022-23, the number jumped to 1,507 in FY 2023-24.
 
✓A comparative data of two decades i.e. the period from 2004-05 to 2013-14 and 2014-15 to 2023-24 reveals that there has been a growth of 21 times in the defence exports.

✓Total defence exports during 2004-05 to 2013-14 were Rs 4,312 crore, which has gone up to Rs 88,319 crore in the period from 2014-15 to 2023-24.

✓The remarkable growth has been achieved due to the policy reforms and ‘Ease of Doing Business’ initiatives brought in by the Government, in addition to the end-to-end digital solution provided to the Indian industries for promoting defence exports.

✓This growth is a reflection of global acceptability of Indian defence products and technologies.

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