Tuesday, 02 January 2024 12:17 GMT

Defence Ministry Approves 10 Capital Acquisitions Worth ₹1.45 Lakh Crore


(MENAFN- Live Mint) The Defence Acquisition Council on Tuesday approved the procurement of 10 capital acquisitions, including future-ready combat vehicles (FRCVs), air defence fire control radars and Dornier-228 aircraf , among others, amounting to ₹1,44,716 crore.

The Defence Acquisition Council (DAC), which cleared proposals, was chaired by Defence Minister Rajnath Singh .

Of the total cost ofAcceptance of Necessity (AoNs), 99% is from Indigenous sources under Buy (Indian) and Buy (lndian-Indigenously Designed Developed and Manufactured) categories, the Defence Ministry said in a statement.

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For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared. The FRCV will be a futuristic Main Battle Tank with superior mobility, all terrain ability, multilayered protections, precision & lethal fires over and real-time situational awareness, the Defence Ministry said.

The AoN also accorded for procurement of Air Defence Fire Control Radars , which will detect and track aerial target and provide firing solution.

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“The proposal has also been approved for the Forward Repair Team (Tracked), which has suitable cross-country mobility for carrying out in-situ repair during mechanised operations. This equipment is designed and developed by Armoured Vehicles Nigam Limited and is authorised for both mechanised Infantry Battalion and Armoured Regiment” the statement read.

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Three AoNs have been accorded to enhance the capabilities of the Indian (ICG). The procurement of Dornier-228 aircraft, Next Generation Fast Patrol Vessels having high operational features in rough weather conditions and Next Generation Offshore Patrol Vessels with advanced technology and enhanced long-range operations will enhance the capability of Coast Guard to carry out surveillance, patrolling of the maritime zone, search and rescue, and disaster relief operations.

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Live Mint

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