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Defence Minister Rajnath Singh approves proposals to procure equipment worth Rs 27,000 crore from domestic industry
On December 17 last year, a meeting of the Defence Acquisition Council (DAC) held under the Chairmanship of the Defence Minister approved Capital Acquisition proposals of various Weapons/Platforms/Equipment/Systems for the Defence Forces for an approximate overall cost of 28,000 crore. 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 categorisation of Buy Indian (IDDM). Six of the seven 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 Indian Army and the rest is for the Indian Navy and the IAF.
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