Our Correspondent
Government has approved procurement of a fresh batch of Barak surface-to-air missiles for Naval warships to enhance India’s maritime capability.
A meeting of the Defence Acquisition Council (DAC), chaired by Defence Minister Arun Jaitley in New Delhi yesterday, approved capital acquisition proposals totalling over 860 crore rupees, including for the purchase of Barak missiles. Sources in the Defence Ministry said, the missiles will be procured under Buy Global category from Rafael Advance Defense Systems Limited of Israel at an approximate cost of around 500 crore rupees.
The sources said, during the meeting, Mr Jaitley also took stock of other procurement proposals and issued directions for close monitoring and expeditious clearance of pending capital acquisition cases. DAC is Defence Ministry’s highest decision making body for capital acquisition. It was the first meeting of the DAC after Mr Jaitley took charge as Defence Minister.