New Delhi, Jul 28 (PTI) Forty-one proposals of domestic defence vendors worth Rs 86,623 crore have been approved by the central government since May last year for capital procurement, Minister of State for Defence Ajay Bhatt said on Wednesday.

He was responding to a question on the procurement started in the defence sector under the Atmanirbhar Bharat scheme of the Centre.

"Total 41 AoN (Acceptance of Necessity) worth Rs 86,623.55 crore have been accorded to domestic vendors for capital acquisition since May 2020,” Bhatt said.

"For the year 2021-22, the allocation of domestic procurement has been enhanced compared to the previous year, and this year, it is about 64.09 per cent of the allocated amount for military modernisation (Rs 71,438.36 crore),” he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)