New Delhi (NVI): Defence Acquisition Council (DAC) today approved capital acquisition proposals of various weapons/platforms/equipment/ worth Rs 13,700 crore for the armed forces.
DAC, under the chairmanship of Defence Minister Rajnath Singh, has approved these proposals required by the Indian Army, Indian Navy and Indian Air Force, according to a statment issued by Ministry if Defence.
“Three Acceptance of Necessities (AoNs) for an overall cost of Rs 13,700 crore were accorded. All these AoNs are in the highest priority category of Defence Acquisition viz ‘Buy [Indian-IDDM (Indigenously Designed, Developed and Manufactured)],” the statement added.
All these acquisition proposals will be indigenously designed, developed and manufactured. These will include inter-alia platforms and systems designed and developed by Defence Research and Development Organisation (DRDO).
To meet the Aatmanirbhar Bharat goals of the Central Government on time-bound defence procurement process and faster decision making and to systematically work towards reducing the time taken for capital acquisition, the DAC also approved that all capital acquisition contracts (delegated and non-delegated) other than D&D cases shall be concluded in two years, Defence Ministry added.
Furthermore, the Ministry, in consultation with the services and all stakeholders, will come up with detailed plan of action for achieving the same.