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MoD utilises 65.50 percent of Capital Acquisition Budget on domestic procurement in FY 2021-22
Puts to use 99.50 percent of Defence Services Budget
By PIB Delhi
Ministry of Defence (MoD) had earmarked 64 percent of Capital Acquisition Budget for domestic industry in Financial Year (FY) 2021-22. At the end of FY 2021-22, MoD has been able to overachieve this target and has utilised 65.50 per cent of the Capital Acquisition Budget on indigenous procurements through Indian Industry to achieve Prime Minister Shri Narendra Modi’s vision of ‘Aatmanirbhar Bharat’. Further, as per the preliminary expenditure report of March 2022, the MoD has been able to utilise 99.50 percent of the Defence Services Budget in FY 2021-22.
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