Defence Ministry Approves Procurement Of Nearly Rs 46,000 Crore
India's Ministry of Defence today approved procurement for the Services amounting to approximately Rs. 46,000 crore, it said in a statement.
The decisions were taken at a meeting of the Defence Acquisition Council (DAC), the ministry's highest decision-making body on procurement. The DAC is chaired by Defence Minister Nirmala Sitharaman.
The procurement will include an order for 111 utility helicopters for the Navy at a cost of over Rs 21,000 crore.
This is the first project under the MoD's prestigious Strategic Partnership (SP) Model that aims at providing significant fillip to the Government's ‘Make in India' programme.Ministry of Defence Statement
The DAC also granted approval to a few other proposals amounting to approximately Rs. 24,879.16 crore.
- 150 indigenously designed and developed 155 mm Advanced Towed Artillery Gun Systems for the Indian Army (approximate cost of Rs 3,364.78 crore).
- 24 Multi Role Helicopters, which are an integral part of frontline warships.
- 14 Vertically Launched Short Range Missile Systems, 10 of which will be indigenously designed.
The guns have been indigenously designed and developed by DRDO and will be manufactured by production agencies, as nominated by DRDO, the ministry said.
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