New Delhi, September 29
The defense ministry on Wednesday approved the procurement of military platforms and hardware worth Rs 13,165 crore that includes 25 indigenously-developed ALH Mark-III helicopters.
The cost of acquiring the helicopters has been estimated at Rs 3,850 crore, while a batch of rocket ammunition will be procured for Rs 4,962 crore, the defense ministry said.
The procurement proposals were approved at a meeting of the Defense Acquisition Council (DAC) that was chaired by Defense Minister Rajnath Singh.
Out of the total procurements, equipment and platforms worth Rs 11,486 crore will be sourced from domestic entities.
“The DAC accorded Acceptance of Necessity (AoN) for capital acquisitions proposals for modernization and operational needs of the Indian Armed Forces amounting to approximately Rs 13,165 crore.
“Of the total amount approved, procurement worth Rs 11,486 crore (87 per cent) is from the domestic sources,” the ministry said in a statement.
In addition, the DAC also approved a few amendments to the Defense Acquisition Procedure 2020 as a part of “business process re-engineering to ensure further ease of doing business for the industry as well as measures to enhance procurement efficiency and reducing timelines”, the ministry said. PTI