Defence Acquisition Council Greenlights Rs 84,560 Crore Capital Acquisition Proposals

• 19 Feb 2024

On 16^th February, 2024, the Defence Acquisition Council, approves capital acquisition proposals worth Rs 84,560 crore. This emphasizes 'Aatmanirbharta' and procurement from Indian vendors.

Key Points

• Boosting Indigenous Defence Industry: The DAC grants Approval of Necessity for various capital acquisition proposals. This prioritizes procurement from Indian vendors and promoting self-reliance in defence production.
• Enhancing Operational Capabilities: Approvals include procurement of Anti-tank mines, Canister Launched Anti-Armour Loiter Munition System, Air Defence Tactical Control Radar, Medium Range Maritime Reconnaissance, and Multi-Mission Maritime Aircraft.
• Strengthening Naval Capabilities: AoN granted for procurement of Active Towed Array Sonar, Heavy Weight Torpedoes, and sustainment support for MH60R aircraft to bolster naval surveillance and attack capabilities.
• Expanding Air Force Reach: DAC approves procurement of Flight Refueller Aircraft to enhance the operational capabilities and reach of the Indian Air Force.
• Promoting Indigenous Technologies: Amendments in Defence Acquisition Procedure (DAP) 2020 aim to create a friendly defence start-up ecosystem.
• This will promote procurement of advanced technologies from start-ups and MSMEs developed under iDEX and Technology Development Fund schemes.