Defence ministry approves procurement of military hardware worth Rs 13,165 crore

New Delhi, Sept 29: In a big boost to defence sector, the Defence Ministry approved the capital acquisition of military platforms and hardware for the Indian Army, Navy and Air Force to a total value of Rs 13,165 crore, asserting that 87% of this hardware will be ‘Made in India’. The decision was taken in the meeting of the Defence Acquisition Council (DAC), chaired by defence minister Rajnath Singh.

 

 

“The Defence Acquisition Council (DAC) under the chairmanship of Rasksha Mantri Shri @rajnathsingh today accorded AoN to capital acquisition proposals of Army, Navy and Air Force valuing ₹13,165 cr, of which 87 percent will be Made in India,” a statement by the defence ministry read.

 

 

The procurement of military hardware approved by the defence ministry includes 25 advanced light helicopters and rocket ammunition. Meanwhile, the statement added that a batch of rocket ammunition for ₹4,962 crore, as well as 25 ALH Mark III helicopters from HAL under Buy Indian (Designed, Developed and Manufactured), better known as the Indian-IDDM category, at an approximate cost of ₹3,850 crores will also be procured.

 

 

"Giving a boost to Indigenous Design and Development of ammunitions, DAC accorded approval for procurement of Terminally Guided Munition (TGM) and HEPF/RHE Rocket Ammunition under Buy (Indian-IDDM) category at an approx cost of ₹4,962 crore," it stated.

 

 

The council also approved procurement of Terminally Guided Munition (TGM) and HEPF/RHE rocket ammunition under Buy (Indian-IDDM) category at an approximate cost of Rs 4,962 crore, in a major boost to India's indigenous design and development of ammunitions. In addition, the DAC also approved a few amendments to the DAP 2020 as a part of business process re-engineering to ensure further ease of doing business for the industry as well as measures to enhance procurement efficiency and reducing timelines.