The Defence Acquisition Council (DAC) Tuesday permitted capital acquisition proposals to the tune of Rs 13,700 crore for numerous necessities of the Indian armed forces.
These acquisitions would come with weapons, platforms, tools and techniques for the Army, Air Force and the Navy, an announcement from the Ministry of Defence stated.
“Three Acceptance of Necessities (AoNs) for an overall cost of Rs 13,700 crore were accorded. All these AoNs are in the highest priority category of Defence Acquisition,” the assertion stated.
All these acquisition proposals, the ministry stated, will likely be indigenously designed, developed and manufactured. These will embody platforms and techniques 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,” the assertion stated.
Pushing for self-reliance in defence sector, PM Narendra Modi had on Monday stated the federal government had taken steps to maneuver ahead within the sector with “transparency, predictability and ease of doing business”. He stated the federal government has taken steps to result in de-licensing, de-regulation, export promotion, overseas funding liberalisation, and so forth.
The Prime Minister had stated this whereas delivering the keynote deal with at a ‘Webinar on Budget Announcements 2021-22: Galvanising Efforts for Atmanirbhar Bharat’.
The Webinar was additionally addressed by Defence Minister Rajnath Singh who stated the federal government was actively selling not solely home manufacturing but in addition an export-oriented defence trade.
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 army modernisation within the subsequent 5 years.