STOCK MARKET BSE NSE

DAC approves defence procurement worth Rs 13,700 crore, including 118 Arjun Mk-1A tanks for Army

The DAC also accorded three Acceptance of Necessities (AoNs) for an overall cost of Rs 13,700 crore, the Defence Ministry said in a statement.

Published: 23rd February 2021 11:00 PM  |   Last Updated: 23rd February 2021 11:00 PM   |  A+A-

File Photo of Arjun Tank. (EPS)

By PTI

NEW DELHI: The Defence Acquisition Council (DAC) on Tuesday approved buying of defence equipment worth Rs 13,700 crore for the three armed forces, including 118 Arjun Mk-1A tanks for the Army.

The DAC also accorded three Acceptance of Necessities (AoNs) for an overall cost of Rs 13,700 crore, the Defence Ministry said in a statement.

All these AoNs are in the highest priority category of defence acquisition --- 'Buy [Indian-IDDM (Indigenously Designed, Developed and Manufactured)].

The DAC, headed by Defence Minister Rajnath Singh, is the highest decision-making body for defence procurement.

"The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister 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 statement added.

Sources said of the 13,700 crore, Rs 8,300 crore will be for procuring 118 Arjun (Mk-1A).

Earlier this month Prime Minister Narendra Modi handed over to the Army the home-made Arjun Main Battle Tank (MK-1A) in Chennai.

The state-of-the-art tank, has been indigenously designed, developed, and manufactured by the Defence Research and Development Organisation (DRDO)'s Combat Vehicles Research and Development Establishment The tank is infused with 71 new features and would ensure effortless mobility in all terrains, besides precise target engagement during day and night.

All these acquisition proposals approved by the DAC will be indigenously designed, developed and manufactured, the statement added.

These will include inter-alia platforms and systems designed and developed by DRDO.

The DAC also approved that all capital acquisition contracts (delegated and non-delegated) other than D&D (design and development) cases shall be concluded in two years.

The ministry, in consultation with the services and all stakeholders, will come up with a detailed plan of action for achieving the same, it added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp