Defence Acquisition Council, under the chairmanship of Defence Minister Rajnath Singh, on Thursday accorded the acceptance of necessity for 10 capital acquisition proposals amounting to approximately Rs 1.05 lakh crore through indigenous sourcing.
The approvals were granted for the "procurement of Armoured Recovery Vehicles, Electronic Warfare System, Integrated Common Inventory Management System for the Tri-Services and Surface-to-Air Missiles", the Defence Ministry said in a release.
These procurements will provide higher mobility, effective air defence, better supply chain management and augment the operational preparedness of the armed forces, it said.
The approvals were also accorded for procurement of "Moored Mines, Mine Counter Measure Vessels, Super Rapid Gun Mount and Submersible Autonomous Vessels", the ministry said in a release.
These procurements will enable mitigation of potential risks posed to the naval and merchant vessels, it added.
To provide further impetus to indigenous design and development, the approvals were accorded under the Buy (Indian-Indigenously Designed Developed and Manufactured) category, the release further said.
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