New Delhi (NVI): In the wake of India-China face-off, the Defence Ministry today cleared acquisition proposals worth Rs 28,000 crore of which procurement worth Rs 27,000 crore is to be sourced from domestic industry.
This is a big boost to the Centre’s ‘Make in India’ plan. Defence Minister Rajnath Singh approved the procurement proposals while heading a Defence Acquisition Council (DAC) meeting here.
The DAC approved Capital Acquisition proposals of various Weapons/Platforms/Equipment/Systems required by the Indian Army, the Indian Navy and the Indian Air Force at an approximate overall cost of Rs. 28,000 Cr, PIB’s Defence Wing said in a statement.
Notably, 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 the majority AoNs being accorded in the highest categorization of Buy Indian (IDDM).
6 of the 7 proposals, that is, Rs 27,000 crore, out of Rs 28,000 crore for which AoNs were granted will be sourced from the Indian industry to give a boost to the “Make in India” and “Atmanirbhar Bharat” initiatives of the Government, as per an official statement.
Acquisition proposals approved today include the DRDO designed and developed Airborne Early Warning & Control (AEW&C) Systems for the Indian Air Force, Next Generation Offshore Patrol Vessels for the Indian Navy and Modular Bridges for the Indian Army.
-ARK
