Defence Ministry clears blacklisting policy for banning of entities

Image
ANI New Delhi [India]
Last Updated : Nov 07 2016 | 9:42 PM IST

The Defence Acquisition Council (DAC) chaired by Defence Minister Manohar Parrikar on Monday cleared the blacklisting policy for banning or suspension of entities.

According to sources, the DAC has discussed Japanese us2i (amphibious aircraft) but no decision has been taken so far.

It cleared procurement of 598 mini UAV for the Indian Army at Rs. 1,100 crore on a buy Indian biases.

For the first time, two Indian Design Developed Manufacture (IDDM) scheme for the Acceptance of Necessity (AON) was accorded.

The proposals cleared include AON for procurement of 83 LCA for the Indian Air Force from Hal as a buy Indian (IDDM scheme) at a cost of Rs. 50,025 crore along with simulators and ancillary equipment.

It also includes AON to Indian Air Force and Indian army - 15 light combat helicopter as a buy Indian (IDDM scheme) From Hal at a total indicative cost of Rs. 2,911 crore.

The AON is also accorded 464 T-90 tanks for an estimated cost of Rs. 13,448 crore for the Indian Army on buy Indian biases from OFB (ordinance factory board) as a repeat order.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 07 2016 | 9:21 PM IST

Next Story