Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 03, 2024

Defence Ministry Green Lights Capital Acquisition Proposals Worth Rs 1.45 lakh Crore

Defence Ministry Green Lights Capital Acquisition Proposals Worth Rs 1.45 lakh Crore
Image used for representational purpose (Source: Ministry of Defence)

The Ministry of Defence has approved 10 capital acquisition proposals amounting to Rs 1,44,716 crore spread across the Army and Coast Guard. The Defence Acquisition Council, chaired by Defence Minister Rajnath Singh on Tuesday, accorded the acceptance of necessity, or AoN, for these proposals.

Of the total cost of AoNs, 99% is from indigenous sources under the Buy (Indian) and Buy (Indian-Indigenously Designed, Developed, and Manufactured) categories, according to a release by the Ministry of Defence.

For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles has been cleared. The FRCV will be a futuristic main battle tank with superior mobility, all terrain ability, multilayered protections, precision and lethal fires over, and real-time situational awareness.

The AoN was also accorded for procurement of Air Defence Fire Control Radars, which will detect and track aerial targets and provide firing solutions. 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 Ltd. and is authorised for both mechanised infantry battalion and armoured regiment.

Three AoNs have been granted to enhance the capabilities of the Indian Coast Guard. The procurement of Dornier-228 aircraft, Next Generation Fast Patrol Vessels with 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 ICG to carry out surveillance, patrolling of maritime zones, search and rescue, and disaster relief operations.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search