BIG BOOST for armed forces: Defence Ministry clears Rs 85,000 cr for Zorawar light tanks, ballistic helmets
.jpg)
The defence ministry said this unprecedented initiative of the DAC will not only modernize the Indian Armed Forces but also provide a substantial boost to the Indian Defence Industry towards the goal of Aatmanirbhar Bharat. Keeping in mind the two-front war between China and Pakistan as well as the threat emanating from sea-route, the government today cleared a whopping Rs 85,000 crore for the procurement of advanced ammunition and technologies for enhancing the army's capabilities. The Defence Acquisition Council (DAC) of the defence ministry accorded the approval for Acceptance of Necessity (AoN) for 24 Capital Acquisition Proposals. Ministry of Defence said in a series of tweets, "These proposals include six for Indian Army, six for IAF, 10 for Indian Navy and two proposals for Indian Coast Guard for a total value of Rs 84,328 crores. It is pertinent to mention that 21 proposals, worth Rs 82,127 crores (97.4%), are approved for procurement from indigenous sources." T...