The Defence Acquisition Council (DAC) Tuesday permitted capital acquisition proposals to the tune of Rs 13,700 crore for varied necessities of the Indian armed forces.
These acquisitions would come with weapons, platforms, gear and techniques for the Military, Air Drive and the Navy, an announcement from the Ministry of Defence mentioned.
“Three Acceptance of Requirements (AoNs) for an total price of Rs 13,700 crore had been accorded. All these AoNs are within the highest precedence class of Defence Acquisition,” the assertion mentioned.
All these acquisition proposals, the ministry mentioned, shall be indigenously designed, developed and manufactured. These will embrace platforms and techniques designed and developed by Defence Analysis and Growth Organisation (DRDO).
“To satisfy the Atmanirbhar Bharat targets of the federal government on time-bound defence procurement course of and quicker resolution making and to systematically work in the direction of lowering the time taken for capital acquisition, the DAC additionally permitted that every one capital acquisition contracts (delegated and non-delegated) apart from D&D instances shall be concluded in two years. The Ministry, in session with the Companies and all stakeholders, will give you detailed plan of motion for reaching the identical,” the assertion mentioned.
Pushing for self-reliance in defence sector, PM Narendra Modi had on Monday mentioned the federal government had taken steps to maneuver ahead within the sector with “transparency, predictability and ease of doing enterprise”. He mentioned the federal government has taken steps to result in de-licensing, de-regulation, export promotion, international funding liberalisation, and so on.
The Prime Minister had mentioned this whereas delivering the keynote tackle at a ‘Webinar on Price range Bulletins 2021-22: Galvanising Efforts for Atmanirbhar Bharat’.
The Webinar was additionally addressed by Defence Minister Rajnath Singh who mentioned the federal government was actively selling not solely home manufacturing but in addition an export-oriented defence business.
Singh listed out the variety of initiatives taken by the federal government to advertise home defence manufacturing. He make clear the plans to spend $130 billion on navy modernisation within the subsequent 5 years.