Defence Ministry approves acquisition of Military hardware worth Rs 28,000 Crore
Team Udayavani, Dec 17, 2020, 7:22 PM IST
New Delhi: The defence ministry on Thursday approved procurement of weapons and military equipment worth Rs 28,000 crore for the three services, officials said. The procurement proposals were cleared at a time India and China are locked in a bitter border standoff in eastern Ladakh.
The officials said almost all the weapons and military hardware approved for procurement will be acquired from domestic industry. “The Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh approved proposals to procure equipment worth Rs 27,000 crore from domestic industry,” the defence ministry said in a statement.
Officials said a total of seven acquisition proposals were approved by the DAC, the defence ministry’s highest decision-making body on procurement. “Six of the seven proposals, that is, Rs 27,000 crore out of Rs 28,000 crore for which AoNs (Acceptance of Necessity) were granted will be sourced from the Indian industry to give a boost to the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives,” the ministry said.
Acquisition proposals approved include procurement of 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.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
3 soldiers killed in ‘Fidayeen’ attack on J&K’s army camp in Rajouri; 2 terrorists dead in shootout
Jahangirpuri violence: Delhi Police clicks pictures of accused to match them with CCTV footage
Accused cannot be convicted on ground of suspicion: SC
Punjab CM accepts resignation of Baba Farid medical varsity VC
Your energy is infectious: PM Modi writes to Naidu
MUST WATCH
Latest Additions
3 soldiers killed in ‘Fidayeen’ attack on J&K’s army camp in Rajouri; 2 terrorists dead in shootout
Jahangirpuri violence: Delhi Police clicks pictures of accused to match them with CCTV footage
Accused cannot be convicted on ground of suspicion: SC
Rupee falls 37 paise to close at 79.62 against US dollar
India to be fastest growing economy this yr: Govt source