Our correspondent / NEW DELHI
The Defence Acquisition Council, DAC, has cleared proposal worth 15 thousand 935 Crore rupees. The council met under the chairmanship of Defence Minister Nirmala Sitharaman in New Delhi today and accorded approval to Capital Acquisition Proposals of the Services.
Defence Ministry in a release said, the council cleared the proposal for procurement of essential quantity of Light Machine Guns for the three Services through the fast track procedure at an estimated cost of over one thousand 819 crore rupees. It said, this procurement will meet the operational requirement of the troops deployed on the borders.
The DAC also accorded approval for procurement of 7.4 lakh Assault Rifles for the three Services. These Rifles will be made in India under the categorisation of Buy and Make, through both Ordnance Factory Board and Private Industry at an estimated cost of 12 thousand 280 crore rupees. Besides, procurement of 5,719 Sniper Rifles for the Indian Army and Indian Air Force at an estimated cost of 982 crore rupees was also approved.
To enhance the anti-submarine warfare capabilities of Indian Naval Ships, the DAC also accorded approval for the procurement of Advanced Torpedo Decoy Systems. The Ministry said, the Mareech system has been developed indigenously by DRDO and has successfully completed extensive trial evaluations. The Mareech systems will be produced by Bharat Electronics Limited, Bengaluru at an estimated cost of 850 crore rupees.