Defence Acquisition Council approves capital acquisition proposals worth Rs 2.23 lakh crore
Post by ANI on Thursday, November 30, 2023
The Defence Acquisition Council, under the chairmanship of Defence Minister Rajnath Singh on Thursday, accorded approval for Acceptance of Necessity (AoNs) for various capital acquisition proposals amounting to Rs 2.23 lakh crore.
Of the total, acquisition worth Rs 2.20 lakh crore (98 per cent) will be sourced from domestic industries.
"This will give a substantial boost to the Indian Defence Industry towards the aim of achieving the goal of 'Aatmanirbharta'," a defence ministry statement said.
The council has accorded the AoN for procurement of two types of Anti-tank Munitions namely, Area Denial Munition (ADM) Type - 2 and Type-3, which are capable of neutralising Tanks and Armoured personnel carriers and enemy personnel.