Defense ministry approved to buy worth Rs 70,500-crore indigenous arms

Defense ministry approved to buy worth Rs 70,500-crore indigenous arms: Defense ministry approved to buy worth Rs 70,500-crore indigenous armsAn apex body of the defense ministry for clearing weapons procurement, the Defence Acquisition Council (DAC) met under the chairmanship of DM Rajnath Singh.

Of these proposals, which are being processed under the highest-priority category of “Buy {Indian –IDDM (Indigenously Designed, Developed and Manufactured)}”, Indian Navy acquisitions account for more than Rs 56,000 crore.

March 2023 Current Affairs Quiz

These largely include indigenous BrahMos missiles, Shakti Electronic Warfare (EW) systems, and Maritime Utility Helicopters. Including the latest proposals, AoNs granted for capital acquisitions in the current financial year 2022-23 amount to over Rs 2.71 trillion. Out of these, 99 per cent of the procurement will be sourced from Indian industries.

The DAC has accorded Acceptance of Necessity (AoN) for capital acquisitions worth Rs 70,500 crore under Buy Indian-IDDM (Indigenously Designed, Developed, and Manufactured) — a new procurement category. It includes 307 Advanced Towed Artillery Gun Systems and 60 indigenous marine utility helicopters.