Defence Contracts To Improve Capabilities To Ensure That No One Takes Us Lightly: Parrikar

Defence Minister Manohar Parrikar on Wednesday said he expects another Rs 50,000-60,000 crore worth of defence contracts to be signed during the remaining quarters of the financial year, taking the total orders to Rs three trillion since he took charge two years ago.

“During the past 23 months that I have been in charge, we have signed contracts worth Rs 2.2 trillion. Recently, we signed a letter of intent with a government-run shipyard for about Rs 32,000 crore, taking the total orders to Rs 2.5 trillion.”