Govt accepts proposal to acquire specialized guns for 7K crore

Image
Press Trust of India New Delhi
Last Updated : Mar 11 2016 | 9:42 PM IST
The top acquisition body of the Defence Ministry today accorded Acceptance of Necessity (AON) to the IAF's proposal to acquire 244 air defence guns at a cost of Rs 7,000 crore to be installed in vital locations including metro cities.
The Defence Acquisition Council (DAC) also cleared the Navy's proposal to buy weapons and sensor systems for the P17A project wherein seven Shivalik-Class stealth frigates are being built.
The meeting, chaired by Defence Minister Manohar Parrikar, also discussed the new Defence Procurement Procedure, Defence Ministry sources said adding that another DAC could also be held this month.
The take away from today's meeting was the IAF's proposal for close in weapons systems which can target UAV's, glide bombs among others.
The last meeting of DAC was held on February 23 where the Minister had reviewed acquisition proposals cleared in the last two years.
*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: Mar 11 2016 | 9:42 PM IST

Next Story