Defence Acquisition Council headed by Raksha Mantri Shri Rajnath Singh Approves Proposals to procure Equipment worth Rs 27,000 Cr from Domestic Industry.
 |
| Representative |
The Defence Acquisition Council (DAC) in its meeting, today held under the Chairmanship of Defence Minister 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.
Formed in 2001, post Kargil War (1999), the Defence Acquisition Council (DAC) is the highest decision-making body in the Defence Ministry for deciding on new policies and capital acquisitions for the three services (Army, Navy and Air Force) and the Indian Coast Guard. The Minister of Defence is the Chairman of the Council.
Advertisements