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    HomeBusinessDAC clears domestic purchase of Rs 76,390-cr defence equipment

    DAC clears domestic purchase of Rs 76,390-cr defence equipment

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    For the Indian Navy, the DAC accorded AoN for procurement of next generation corvettes (NGC) at an estimated cost of Rs 36,000 crore.

    The Defence Acquisition Council (DAC) chaired by defence minister Rajnath Singh on Monday accorded Acceptance of Necessity (AoN) for capital acquisition proposals of the armed forces amounting to Rs 76,390 crore under ‘Buy (Indian)’, ‘Buy & Make (Indian)’ and ‘Buy (Indian-IDDM)’ categories.

    The decision, following Prime Minister Narendra Modi’s clarion call for ‘Aatmanirbharta’, will provide substantial boost to the Indian defence industry and reduce foreign spending significantly.

    For the Indian Army, the DAC accorded fresh AoNs for procurement of rough terrain fork lift trucks (RTFLTs), bridge laying tanks (BLTs), wheeled armoured fighting vehicles (Wh AFVs) with anti-tank guided missiles (ATGMs) and weapon locating radars (WLRs) through domestic sources with emphasis on indigenous design and development.

    For the Indian Navy, the DAC accorded AoN for procurement of next generation corvettes (NGC) at an estimated cost of Rs 36,000 crore. These NGCs will be versatile platforms for variety of roles viz. surveillance missions, escort operations, deterrence, Surface Action Group (SAG) operations, Search & Attack and Coastal Defence. These NGCs would be constructed based on new in-house design of Indian Navy using latest technology of ship building and would contribute to further the government’s initiative of SAGAR (Security and Growth for all in the Region).

    The DAC accorded AoNs for manufacture of Dornier Aircrafts and Su-30 MKI aero-engines by state-run Hindustan Aeronautics with focus on enhancing indigenisation particularly in indigenising aero-engine material.

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