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Defence acquisition worth around 16,000 cr cleared

IANS  |  New Delhi 

The (DAC) chaired by on Tuesday approved the purchase of worth Rs 15,935 crore (almost $2.5 billion).

These include procurement of (ATDS), light machine guns, assault rifles and sniper rifles.

"This procurement will meet the operational requirement of the troops deployed on the borders. A concurrent proposal is being processed for the balance quantity to be procured under the 'Buy and Make (Indian)' categorisation," the said in a release.

The also accorded approval for procurement of 7.4 lakh assault rifles for the three services.

These rifles will be made in under the categorisation of 'Buy and Make', through both and Private Industry at an estimated cost of Rs 12,280 crore, it said.

In the last one month, to equip the soldiers on the border with modern and more effective equipment, the has fast-tracked procurement of the three main personal weapons -- rifles, carbines and light machine guns.

The also approved procurement of 5,719 sniper rifles for the and at an estimated cost of Rs 982 crore.

"While these high precision weapons will be bought with 'Buy Global' categorisation, the ammunition for these will be initially procured and subsequently manufactured in India," the Ministry said.

To enhance the anti-submarine warfare capabilities of Indian Naval Ships, the DAC accorded approval for the procurement of (ATDS) for the

The 'Mareech' system has been developed indigenously by the and has successfully completed extensive trial evaluations.

The Mareech systems will be produced by Bharat Electronics Limited, Bengaluru at an estimated cost of Rs 850 crore, it said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 19:50 IST