Defence Ministry Green Lights Capital Acquisition Proposals Worth Rs 1.45 lakh Crore
The Ministry of Defence has approved 10 capital acquisition proposals amounting to Rs 1,44,716 crore spread across the Army and Coast Guard. The Defence Acquisition Council, chaired by Defence Minister Rajnath Singh on Tuesday, accorded the acceptance of necessity, or AoN, for these proposals.
Of the total cost of AoNs, 99% is from indigenous sources under the Buy (Indian) and Buy (Indian-Indigenously Designed, Developed, and Manufactured) categories, according to a release by the Ministry of Defence.
For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles has been cleared. The FRCV will be a futuristic main battle tank with superior mobility, all terrain ability, multilayered protections, precision and lethal fires over, and real-time situational awareness.
The AoN was also accorded for procurement of Air Defence Fire Control Radars, which will detect and track aerial targets and provide firing solutions. The proposal has also been approved for the Forward Repair Team (tracked), which has suitable cross-country mobility for carrying out in-situ repair during mechanised operations. This equipment is designed and developed by Armoured Vehicles Nigam Ltd. and is authorised for both mechanised infantry battalion and armoured regiment.
Three AoNs have been granted to enhance the capabilities of the Indian Coast Guard. The procurement of Dornier-228 aircraft, Next Generation Fast Patrol Vessels with high operational features in rough weather conditions, and Next Generation Offshore Patrol Vessels with advanced technology and enhanced long-range operations will enhance the capability of ICG to carry out surveillance, patrolling of maritime zones, search and rescue, and disaster relief operations.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
