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Final Up to date: March 16, 2023, 19:46 IST
The DAC accorded Acceptance of Necessity (AoN) for capital acquisition amounting to Rs 70,584 crore and all of the procurement shall be made underneath the Purchase class. (File photograph: AFP)
The go-ahead to the recent procurement proposals got here amid the almost three-year-long standoff alongside the Line of Precise Management in jap Ladakh with China
India on Thursday accepted the capital acquisition of indigenously-developed navy {hardware} value Rs 70,584 crore as a part of a mega procurement plan that’s anticipated to considerably increase home defence manufacturing. The approval to the procurement proposals was accorded by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, officers stated.
The go-ahead to the recent procurement proposals got here amid the almost three-year-long standoff alongside the Line of Precise Management in jap Ladakh with China.
The DAC accorded Acceptance of Necessity (AoN) for capital acquisition amounting to Rs 70,584 crore and all of the procurement shall be made underneath the Purchase (Indian-Indigenously Designed, Developed and Manufactured) class. The whole approval granted for capital acquisition within the monetary yr 2022-23 now stands at Rs 2,71,538 crore, of which 98.9 per cent shall be sourced from Indian industries, the officers stated.
“Such quantum of indigenous procurement is not going to solely provoke the Indian industries in the direction of reaching the objective of ‘Aatmanirbhar Bharat’ (self-reliant India) but in addition cut back India’s dependency on overseas distributors to a big extent,” Singh’s workplace tweeted.
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