The DAC accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals for procurement of Armoured Recovery Vehicles, Electronic Warfare System, Integrated Common Inventory Management System for the Tri-Services and Surface-to-Air Missiles
At a time when the Operation Sindoor is still on, the Defence Acquisition Council led by Defence Minister Rajnath Singh is scheduled to meet this week to take up proposals worth over Rs one lakh crore for modernising the defence forces are expected to be taken up for clearance.
The approval for the acquisitions under emergency powers was granted recently by the Defence Acquisition Council in its meeting attended by top defence ministry and military brass, defence officials told ANI.
The proposal for the acquisition of around 250 of these missiles has been cleared by the Defence Acquisition Council and will now be taken to the Cabinet Committee on Security for final approval.
Under the chairmanship of Defence Minister Rajnath Singh, the Defence Acquisition Council (DAC), on Thursday accorded Acceptance of Necessity (AoNs) to eight capital acquisition proposals amounting to over Rs 54,000 crore.
DAC accorded AoN for procurement of 6 advanced light helicopters (ALH) M (MR) for Indian Coast Guard to strengthen the coastal security and surveillance in the coastal areas.
India had signed a contract with Airbus in 2021 to buy 56 C-295 transport aircraft of which 16 were to be directly sent from Spain while 40 had to be manufactured in India at Tata facility in Vadodara.
India's DRDO was in the process of developing hypersonic missiles for the defence forces of the country, who are now looking to induct long range cruise and ballistic missiles like the 2,000 km range Nirbhay and 400 km range Pralay missiles.
The decision of the Defence Acquisition Council (DAC) to accept 10 capital acquisition proposals worth Rs 1.4 trn will not only boost domestic defence manufacturing but will contribute to the growth of the PSU companies in the defence sector, highlighted a report by Antique Stock Broking.
The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore.
As part of the USD 3.1 billion 31 MQ-9B Predator drone deal between India and the US, American side is proposing to provide consultancy to Indian entities for developing an indigenous advanced unmanned aerial vehicle.