December 23, 2022
1 min read

Defence Ministry clears Rs 85,000 cr for Armed forces

Approvals for procurement of Naval Anti-Ship Missiles, Multi-Purpose Vessels and High Endurance Autonomous Vehicles will further enhance maritime strength giving a boost to the Indian Navy’s capabilities…reports Asian Lite News

The Defence Acquisition Council (DAC) of the defence ministry on Thursday accorded the approval for Acceptance of Necessity (AoN) for 24 Capital Acquisition Proposals.

According to Defence officials, the proposals include six for the Indian Army, six for the Indian Air Force, 10 for the Indian Navy and two for the Indian Coast Guard for a total value of Rs 84,328 crore. It is pertinent to mention that 21 proposals, worth Rs 82,127 crore (97.4 per cent), are approved for procurement from indigenous sources. This unprecedented initiative of DAC will not only modernise the Armed Forces but also provide a substantial boost to the defence industry to achieve the goal of ‘Aatmanirbhar Bharat’.

The AoNs accorded will equip the Indian Army with platforms and equipment such as Futuristic Infantry Combat Vehicles, Light Tanks and Mounted Gun Systems providing a quantum jump to the Indian Army’s operational preparedness. Proposals approved also include the procurement of Ballistic Helmets, with enhanced protection levels, for our soldiers, stated an official statement from Defence Ministry.

Approvals for procurement of Naval Anti-Ship Missiles, Multi-Purpose Vessels and High Endurance Autonomous Vehicles will further enhance maritime strength giving a boost to the Indian Navy’s capabilities.

Indian Air Force will be further strengthened with enhanced lethal capabilities by the induction of a new range of missile systems, Long Range Guided Bombs, Range Augmentation Kit for conventional bombs and advanced surveillance systems.

The procurement of Next Generation Offshore Patrol Vessels for the Indian Coast Guard will enhance surveillance capability in the coastal areas to new heights. (ANI)

ALSO READ: India’s first 5G-driven, AI-guided colonoscopy trial carried out

Previous Story

‘Our objective is to hold G20 meetings in physical format’

Next Story

India hands over 125 SUVs to Lanka

Latest from India News

India’s Millionaire Wealth Surges

Strong equity markets and investor optimism around artificial intelligence (AI) played key roles in bosting returns and overall wealth creation India recorded a robust 8.8 per cent rise in high-net-worth individual (HNWI)

Jaishankar Flags Terror Threats at Central Asia Talks

Tajikistan Foreign Minister Sirojiddin Muhriddin, EAM Jaishankar acknowledged the need to combat terrorism External Affairs Minister (EAM) S. Jaishankar held bilateral discussions with his counterparts from Tajikistan and Kazakhstan on Thursday and

India rallies the ‘stans

As New Delhi hosts the 4th India-Central Asia Dialogue, growing ties in trade, defence, and diplomacy reaffirm India’s long-standing linkages with the region. India is set to host the fourth meeting of
Go toTop

Don't Miss

I2U2 Summit: UAE to invest $2 bn for food parks across India

I2U2 aimed to encourage joint investments in six mutually identified

India, Bangladesh to strengthen collaboration in startup sector

The Startup Bridge will enable seamless exchange of knowledge, technology