Capital Acquisition of defence equipment is undertaken as a continuous activity to keep the Armed Forces in a state of preparedness to meet the entire spectrum of security challenges. All efforts are made to optimally use budgeted funds for meeting committed liabilities relating to already concluded capital acquisition contracts and for new schemes contracted during the year.
The Revised Estimates and Expenditure in respect of Capital Acquisition for the last three financial years are given below:
(Rs. in crore)
The proposal for setting up of a “Non-lapsable Capital Fund Account” is under inter-Ministerial consultation.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Dr. K Gopal and others in Lok Sabha today.