DAC APPROVES CAPITAL ACQUISITION WORTH 38,900 CRORE

Defence Acquisition Council (DAC) in its meeting held on July 2, 2020 held under the chairmanship of Raksha Mantri Rajnath Singh accorded approval for capital acquisition of various platforms and equipment worth about 38,900 crore (about $5.2 billion). Focused on indigenous design and development these approvals include acquisitions from Indian industry of 31,130 crore which include Pinaka ammunitions, BMP armament upgrades and software defined radios for the Indian Army, Long Range Land Attack Cruise Missile Systems and Astra Missiles for the Indian Navy and Indian Air Force.