DAC approves capital acquisition proposals worth Rs 13,700 Cr for armed forces
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Defence Acquisition Council (DAC),headed by the Defence Minister Rajnath Singh on Tuesday approved the capital acquisition proposals of various weapons, platforms,equipment,systems for the three armed forces.
Three Acceptance of Necessities (AoNs) for an overall cost of Rs 13,700 crore were accorded and all these AoNs are in the highest priority category of Defence Acquisition ---'Buy Indian-IDDM (Indigenously Designed, Developed and Manufactured).
“The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh, has approved capital acquisition proposals of various weapons/ platforms/ equipment/ systems required by the Indian Army, Indian Navy and Indian Air Force, in New Delhi on February 23, 2021," the Defence Ministry said in a statement, adding that all these acquisition proposals will be indigenously designed, developed and manufactured.
These will include inter-alia platforms and systems designed and developed by Defence Research and Development Organisation (DRDO).
To meet the Atmanirbhar Bharat goals of the Government on time-bound defence procurement process and faster decision making and to systematically work towards reducing the time taken for capital acquisition, the DAC also approved that all capital acquisition contracts (delegated and non-delegated) other than D&D cases shall be concluded in two years.
The Ministry, in consultation with the Services and all stakeholders, will come up with detailed plan of action for achieving the same.
