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

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 Flags US Russia Sanctions Impact

India says it remains committed to energy security as the US Congress passes a sanctions bill targeting major buyers of Russian energy…reports Asian Lite News Desk India on Thursday said it was

Jaishankar gets warm welcome in Bhutan

External Affairs Minister S Jaishankar on Thursday received a warm welcome from Bhutanese Finance Minister Lyonpo Lekey Dorji as he arrived in Thimphu for a two-day official visit focused on strengthening bilateral

Modi @76

Warm greetings have been sent to Prime Minister Narendra Modi from foreign leaders, diplomats and missions on his 76th birthday. Messages from Dominica, Sri Lanka, the Netherlands, Switzerland and Israel highlighted bilateral

Argentine envoy praises PM Modi on 76th birthday

Caucino said Argentina was ready to continue expanding its relationship with India and described Modi’s long political career as significant…reports Asian Lite News Desk Argentine Ambassador to India Mariano Caucino on Thursday

India-New Zealand FTA Clears Final Vote

New Zealand’s Parliament has passed legislation needed to implement its free trade agreement with India, clearing the final domestic step for the landmark trade pact. Prime Minister Christopher Luxon said the agreement
Go toTop

Don't Miss

EU Chief Lands in India for Historic Visit

This is Ursula von der Leyen’s third visit to India,

BJP targets division of non-BJP votes for Bengal polls

The Congress, Left and the Indian Secular Front (ISF) of