DAC cleares Rs 11K crore worth proposals

Image
Press Trust of India New Delhi
Last Updated : Oct 29 2015 | 10:22 PM IST
The Defence Ministry today cleared proposals worth Rs 11,000 crore for the modernisation of the armed forces including procurement of four multi-purpose vessels for the Navy and upgradation of heavy lift aircraft IL 76 and IL 78.
A decision was also taken to "overcome hollowness" of the ammunitaion and artillery, defence sources said but did not elaborate.
The Defence Acquisition Council (DAC), chaired by Defence Minister Manohar Parrikar, cleared the pending proposal to procure four multi-purpose vessels for the Navy, each costing Rs 700 crore.
The Council also cleared the proposal of procuring two Deep Submerge Rescue Vessel, each costing Rs 750 crore.
The vessels will be useful for the Navy once they are commissioned because every time a military test is done in the waters or close to it (like that of missiles and sonars), the Navy is forced to pull out at least one ship from its fleet.
A proposal to upgrade the avoinic system in IL 76 and engine-refitting in IL-78 was also cleared at a cost of around Rs 4,300 crore.
The project of upgradation of air defence system and digitalisation of Pechora surface to air missiles was also taken. Currently, the signals for the system are analog and the plan is to convert them to digital.
Apart from it, the DAC also cleared Pinaka multi barrel rocket launcher project for its 3rd and 4th regiment, costing around Rs 3,300 crore. The DAC also cleared the purchase of training simulators and 149 armoured vehicle BMP2 both costing around Rs 1,000 crore.
*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: Oct 29 2015 | 10:22 PM IST

Next Story