Defence Ministry approves proposals to procure equipment worth Rs 27,000 crore from domestic industry

Spread the love

Big boost to Make in India:

The Defence Acquisition Council (DAC) in its meeting, today held under the Chairmanship of Raksha Mantri Shri Rajnath Singh approved Capital Acquisition proposals of various Weapons/Platforms/Equipment/Systems required by the Indian Army, the Indian Navy and the Indian Air Force at an approximate overall cost of Rs. 28,000 Cr. 

This is the first meeting of the DAC under the new regime of Defence Acquisition Procedure 2020 and these are the first set of Acceptance of Necessity (AoNs) accorded with majority AoNs being accorded in the highest categorization of Buy Indian (IDDM). 

6 of the 7 proposals, that is, Rs 27,000 Cr out of Rs 28,000 cr for which AoNs were granted will be sourced from the Indian industry to give a boost to the “Make in India” and “Atmanirbhar Bharat” initiatives of the Government. 

Acquisition proposals approved today include the DRDO designed and developed Airborne Early Warning & Control (AEW&C) Systems for the Indian Air Force, Next Generation Offshore Patrol Vessels for the Indian Navy and Modular Bridges for the Indian Army.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Mahindra Group Commits to Skilling 1 Million Under-resourced Youth by 2025

Thu Dec 17 , 2020
Spread the loveMahindra Group today announced that in its 75th milestone year, its skilling initiatives like Mahindra Pride Schools & Classrooms,  SMART ACADEMY, SMART Plus, and Surya Mitra have skilled 500,000 youth […]

Quick Links