Rs 105000000000: India inks big deal for armoured vehicles, deadly missiles and..., bad news for Pakistan, China due to...
On Thursday, July 3, the Defense Acquisition Council (DAC) headed by Defense Minister Rajnath Singh has approved 10 big defense deals worth about Rs 1.05 lakh crore. The biggest thing is that this entire deal is going to be done under the 'Buy Indian IDDM' category so that defense manufacturing is promoted in the country. This means that now products designed and developed in India will be purchased. This will increase the manufacture of defense equipment in the country itself. What are the provisions?
The Defense Ministry has approved a big deal of 'military hardware' and 'platforms' worth about Rs 1.05 lakh crore. The Defense Acquisition Council (DAC) headed by Defense Minister Rajnath Singh approved these procurement projects. According to the official statement, the DAC approved the purchase of armored recovery vehicles, electronic warfare systems, integrated common inventory management system for the three armies and surface-to-air missiles. How will it make Indian forces more powerful?
The statement said that these purchases will further improve the operational preparedness of the armed forces. The purchase of 'Mine Counter Measure Vessel', 'Super Rapid Gun Mount' and 'Submersible Autonomous Vessel' was also approved. The ministry said, 'These purchases will help in reducing potential threats to naval and merchant ships.'
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