New Delhi: Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, has approved capital acquisition proposals worth over Rs 13,700 crore for procurement of various weapons/platforms/equipment/systems required by the Indian Army, Indian Navy and Indian Air Force, in New Delhi on February 23.
Three Acceptance of Necessities (AoNs) were cleared by the DAC which are in the highest priority category of Defence Acquisition viz ‘Buy [Indian-IDDM (Indigenously Designed, Developed and Manufactured)].
All these acquisition proposals will be indigenously designed, developed and manufactured. These will include inter-alia platforms and systems 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 R&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.