Last Updated: March 16, 2023, 19:46 IST
The DAC accorded Acceptance of Necessity (AoN) for capital acquisition amounting to Rs 70,584 crore and all of the procurement might be made beneath the Buy class. (File photograph: AFP)
The go-ahead to the contemporary procurement proposals got here amid the practically three-year-long standoff alongside the Line of Actual Control in japanese Ladakh with China
India on Thursday accepted the capital acquisition of indigenously-developed army {hardware} value Rs 70,584 crore as half of a mega procurement plan that’s anticipated to considerably enhance home defence manufacturing. The approval to the procurement proposals was accorded by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, officers stated.
The go-ahead to the contemporary procurement proposals got here amid the practically three-year-long standoff alongside the Line of Actual Control in japanese Ladakh with China.
The DAC accorded Acceptance of Necessity (AoN) for capital acquisition amounting to Rs 70,584 crore and all of the procurement might be made beneath the Buy (Indian-Indigenously Designed, Developed and Manufactured) class. The whole approval granted for capital acquisition within the monetary 12 months 2022-23 now stands at Rs 2,71,538 crore, of which 98.9 per cent might be sourced from Indian industries, the officers stated.
“Such quantum of indigenous procurement is not going to solely provoke the Indian industries in the direction of attaining the aim of ‘Aatmanirbhar Bharat’ (self-reliant India) but in addition cut back India’s dependency on overseas distributors to a big extent,” Singh’s office tweeted.
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