The Minister reviewed the status of the Capital Acquisition Schemes as on date and directed that the schemes are to be meticulously monitored and brought to maturity within stipulated timelines. Towards this end, the Minister stated that the Defence Acquisition Council meetings are to be conducted once in a fortnight to enable speeding up the process of Capability Development of the Armed Forces.
The DAC accorded Acceptance of Necessity to the Indian Navy for procurement of upgraded Sonars for its destroyers and frigates through the BUY INDIAN (IDDM) route at a cost of Rs. 200 crore. These Sonars are designed, developed and manufactured indigenously by the DRDO and the Naval Physical and Oceanographic Laboratory, Kochi and will provide a significant boost to the Navys anti submarine warfare capabilities. The DAC additionally cleared procurement of missiles for replenishing the naval inventory.
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