Defence Acquisition Council approves proposals worth Rs 27,000 crore to procure equipment from domestic industry
Defence Acquisition Council (DAC) meeting, headed by Defence Minister Rajnath Singh, today approved proposals to procure equipment worth Rs 27,000 crore from the domestic industry. DAC approved Capital Acquisition proposals of various weapons, platforms, equipment and systems required by the Indian Army, the Navy and Air Force at an approximate overall cost of Rs 28,000 crore.
AIR Correspondent reports, this was the first meeting of the Council under the new regime of Defence Acquisition Procedure 2020 and this will give a boost to the Make in India and Atma Nirbhar Bharat initiatives of the Government.
Acquisition proposals approved today include the DRDO designed and developed Airborne Early Warning and Control Systems for the Indian Air Force, Next Generation Offshore Patrol Vessels for the Indian Navy and Modular Bridges for the Indian Army.