"defence-acquisition-council"

New Delhi: In a significant move, the defence ministry on Monday approved the procurement of military equipment and platforms worth Rs 76,390 crore from domestic industries. The procurement proposals were approved by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh, the ministry said. For the Indian Navy, the DAC accorded approval for […]

Two Indian companies and five foreign Original Equipment Manufacturers had already been shortlisted earlier.

"Three Acceptance of Necessities (AoNs) for an overall cost of Rs 13,700 crore were accorded," the Ministry of Defence said.