DEFENCE MINISTER RAJNATH SINGH APPROVES PROPOSALS TO PROCURE EQUIPMENT WORTH ` 27,000 CRORE

The Defence Acquisition Council (DAC) held under the Chairmanship of the RM approved Capital Acquisition proposals of various Weapons/Platforms/Equipment/Systems for the Defence Forces at an approximate overall cost of ` 28,000 crore on December 17. 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, ` 27,000 Crore (about $3.6 billion) out of ` 28,000 crore will be sourced from the Indian industry. Modular Bridges are being acquired for the Army and the rest is for the Navy and the Air Force.