Saturday, June 25, 2022
No menu items!
    HomeBusinessMoD approves procurement of military equipment, platforms worth Rs 76k cr

    MoD approves procurement of military equipment, platforms worth Rs 76k cr


    For the Indian Navy, the Defence Acquisition Council accorded approval for the procurement of next generation corvettes at an estimated cost of around Rs 36,000 cr

    Indian Navy | Ministry of Defence

    In a significant move, the defence ministry on Monday approved the procurement of military equipment and platforms worth Rs 76,390 crore from domestic industries.

    The procurement proposals were approved by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh, the ministry said.

    For the Indian Navy, the DAC accorded approval for the procurement of next generation corvettes (NGCs) at an estimated cost of around Rs 36,000 crore, it said.

    These NGCs will be versatile platforms for a variety of roles namely surveillance missions, escort operations, deterrence, Surface Action Group (SAG) operations, search and attack and coastal defence.

    The NGCs would be constructed based on a new in-house design of the Indian Navy, using latest technology of ship building, the ministry said in a statement.

    The DAC also approved a proposal for the manufacture of Dornier aircraft and Su-30 MKI aero-engines by Hindustan Aeronautics Limited (HAL) with a focus on enhancing indigenisation.

    For the Indian Army, the DAC accorded a fresh approval for the 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 an emphasis on indigenous design and development.

    “In pursuance of the government’s vision for digital transformation in defence, ‘Digital Coast Guard’ project under ‘Buy’ (Indian) category has been approved by the DAC,” the ministry said.

    “Under this project, a pan-India secure network for digitising of various surface and aviation operations, logistics, finance and HR processes in Coast Guard will be established,” it added.

    (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

    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

    Related articles


    Please enter your comment!
    Please enter your name here

    Stay Connected


    Latest posts