Defence Acquisition Council, headed by Raksha Mantri Shri Rajnath Singh, clears proposals worth Rs 76,390 crore, in major boost to ‘Aatmanirbhar Bharat’
- Press Information Bureau
- June 7, 2022
Following Prime Minister Mr. Narendra Modi's clarion call for 'Aatmanirbharta,' the Defence Acquisition Council (DAC) granted Acceptance of Necessity (AoN) for Capital Acquisition Proposals of the Armed Forces totalling Rs. 76,390 crore (US$ 9.84 billion) under the 'Buy (Indian),' 'Buy & Make (Indian),' and 'Buy (Indian-IDDM)' categories on June 06, 2022. This will considerably improve the Indian defence industry while significantly reducing foreign spending.
The DAC issued new AoNs for the Indian Army to procure Rough Terrain Fork Lift Trucks (RTFLTs), Bridge Laying Tanks (BLTs), Wheeled Armoured Fighting Vehicles (Wh AFVs) with Anti-Tank Guided Missiles (ATGMs), and Weapon Locating Radars (WLRs) through domestic sources, with an emphasis on indigenous design and development. The DAC granted AoN for the procurement of Next Generation Corvettes (NGC) for the Indian Navy at an estimated cost of Rs. 36,000 crore (US$ 4.63 billion). These NGCs will be multi-role vessels capable of performing surveillance missions, escort operations, deterrence, Surface Action Group (SAG) operations, Search and Attack, and Coastal Defense.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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