You are here: Home » Current Affairs » News » National
Business Standard

DAC approves acquisition proposals worth Rs 13,700 cr for armed forces

Defence Acquisition Council has also approved that all capital acquisition contracts shall be concluded within two years

Topics
Defence acquisitions | Defence Acquisition Council | Defence ministry

BS Web Team  |  New Delhi 

Defence Minister Rajnath Singh at Parliament, during the Budget Session in New Delhi
Defence Minister Rajnath Singh

(DAC) on Tuesday approved the capital acquisition proposals worth Rs 13,000 crore, the government said in a release.

The acquisitions include various weapons, platforms and equipment systems for the armed forces.

"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," the release noted.

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).

The DAC, under the chairmanship of Defence Minister Rajnath Singh, also approved that all capital acquisition contracts (delegated and non-delegated) other than D&D cases shall be concluded in two years.

Accodring to the government, this will meet the Atmanirbhar Bharat vision and the time-bound defence procurement process will reduce the time taken for capital acquisition.

The ministry of defence, in consultation with the services and all stakeholders, will come up with detailed plan of action for achieving the same.

According to news agency ANI, the also cleared the acquisition of 118 Arjun Mark-1A tanks for the at a cost of more than Rs 6,000 crores. The 58-tonne weight DRDO-developed tanks would be ready for delivery within 30 months of signing the contract.

Proposals related to the acquisition of indigenously-developed Nag anti-tank guided missile and Arudhra medium power radar were also approved.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 23 2021. 17:30 IST
RECOMMENDED FOR YOU
.