Massive defence push after Operation Sindoor, Centre clears 10 major arsenal purchases worth Rs 1.05 lakh crore, BIG win for Indian Navy, to get largest ever…
The Defence Acquisition Council (DAC) on Thursday, July 3 gave the green light to start buying military equipment worth about Rs. 1.05 lakh crore. This move is aimed at strengthening the Indian armed forces. The plan includes a wide range of equipment from minesweeping ships and surface-to-air missiles to systems used in electronic warfare and vehicles that help recover damaged tanks and other armoured vehicles, according to the defence ministry.
The DAC, which is led by Defence Minister Rajnath Singh, approved 10 new defence purchase proposals. All of them will be made in India to support the country's goal of becoming more self-reliant in defence production.
In India, the council's approval known as 'Acceptance of Necessity' or AoN is the first step toward actually buying the equipment. Indian navy to get mine countermeasure vessels
Among the proposals, the biggest one is the Navy's plan to get mine countermeasure vessels (also known as minesweepers) worth around Rs. 44,000 crore. These ships play a key role in clearing naval mines and keeping sea routes safe.
This decision is an important one because, right now, the Indian Navy doesn't have a single minesweeper in service. The last of its old fleet, which included six ships bought from the former Soviet Union in the late 1970s was retired six years ago. To rebuild its mine-clearing strength, the Navy now plans to get 12 new minesweeping ships (called MCMVs) from Indian shipyards.
In addition to these ships, the Defence Acquisition Council (DAC) also approved other related equipment, like moored mines, a fast-firing naval gun called the super rapid gun mount, and underwater robotic vessels. These tools are meant to protect both Navy warships and civilian cargo ships from threats in the sea, the defence ministry said.
This isn't the first time the Navy has tried to buy minesweepers. Over the past 17 to 18 years, at least three earlier efforts didn't work out.
Two years ago, the Navy said it might divide the minesweeper order between two shipbuilders giving eight ships to the lowest bidder and four to the second-lowest to speed things up. Still, officials say the first minesweeper won't actually join the fleet until at least seven years after the deal is signed. The rest will be delivered over the next six to seven years. Big boost to surface-to-air missiles
Another big proposal that got the green signal is for quick-reaction surface-to-air missiles, which are expected to cost around Rs. 30,000 crore.
The council also approved purchases of armoured recovery vehicles (used to tow or fix damaged tanks), electronic warfare gear, and a shared inventory system for the Army, Navy, and Air Force. These acquisitions will help improve mobility, air defence, logistics, and overall readiness of the armed forces, the ministry said. Govt clears new defence proposals under IDDM category
The DAC has cleared all the new defence proposals under the Buy (Indian-IDDM) category, which is the most important route for boosting defence manufacturing in India. IDDM stands for Indigenously Designed, Developed, and Manufactured meaning the equipment will be made in India, using Indian technology and resources.
This decision comes at a key moment. On June 19, the Ministry of Defence announced the formation of a powerful new committee to review and improve the existing Defence Acquisition Procedure (DAP 2020). This review is aimed at helping the armed forces modernise faster and making the country more self-reliant in defence production.
The committee is being led by the Director General (Acquisition) and includes top officials from the defence ministry, representatives from the Indian defence industry, and experts from academic institutions. They are now holding discussions with different stakeholders and have asked for suggestions by July 5.
According to the ministry, the goal of this review is to speed up the delivery of modern systems and equipment to the armed forces so that they can be better prepared to deal with future threats. At the same time, it aims to boost the 'Atmanirbhar Bharat' (self-reliant India) mission by encouraging home-grown defence technologies and innovations.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
23 minutes ago
- Hindustan Times
Indian Army to train soldiers in drone operation by 2027
The Army Training Command (ARTRAC) on Thursday announced to train all Indian Army soldiers with working of drones by the year 2027. The announcement was made by Lieutenant General Devendra Sharma, General Officer Commanding-in-Chief of ARTRAC, while addressing officers, awardees, and guests at the ARTRAC Investiture Ceremony 2025, held in Shimla on Thursday. Lieutenant General Devendra Sharma, General Officer Commanding-in-Chief of ARTRAC presenting award during ARTRAC Investiture Ceremony 2025, held in Shimla on Thursday. (Source: X) Interacting with the media persons, Lt Gen Sharma said, 'Indian Army's performance in Operation Sindoor had demonstrated remarkable capabilities, especially in the use of drones. Drawing on those insights, ARTRAC has initiated a roadmap that will make drone operation an integral part of every soldier's training.' 'In Operation Sindoor, the Indian Army showcased exceptional capability, particularly through the deployment of drones. Learning from that, we have decided that by 2027, every Indian soldier will be trained in drone operations. Drones will become the 'third arm' of the modern Indian soldier,' he said. Lt Gen Sharma said that ARTRAC had identified 33 niche technologies—including drones, cyber warfare, battlefield artificial intelligence, and electronic warfare systems—for incorporation into army training. To institutionalise these capabilities, 14 centres of expertise have been established across various training institutions. He said that ARTRAC has set a goal for the complete absorption of these technologies by 2030, backed by an investment of ₹390 crore over the next five years in infrastructure, research and development, and simulation-based training systems. 'As part of this initiative, 18,000 personnel have already been trained in 22 new technologies in the training year 2024–25, with a target to train an additional 12,000 personnel in 21 more technologies during 2025–26,' he said. Speaking on gender inclusion, he said that 1,571 women were currently serving in the Indian Army across all ranks, including command positions. ARTRAC, he said, was fully committed to gender neutrality and had integrated gender sensitisation modules into its training curriculum. During the event, establishments and individuals were awarded for their outstanding performances for the Training Year 2023-24. Three category 'A' Establishments and two affiliated units to Category 'A' Establishments were awarded the prestigious 'GOC-in-C Army Training Command Unit Citation' for their outstanding performance and making exceptional contributions to enhancing the training ethos and standards of the Indian Army in 2023-24 on occasion. Financial excellence awards were conferred upon three training establishments, namely Military College of Material Management , Jabalpur, Counter Insurgency Jungle Warfare School , Variengate and Military College of Electronics and Mechanical Engineering , Secunderabad, for setting high standards in financial management. Additionally, two training establishments, Armoured Corps Centre & School , Ahilyanagar, and Military College of Material Management MCMM, Jabalpur, were awarded e-Office Excellence Awards for promoting e-office software usage, which reduces paper usage of paper.
Hindustan Times
24 minutes ago
- Hindustan Times
Singapore Oppn leader Pritam Singh flayed for Malaysian podcast interview
Singapore: Indian-origin leader of opposition (LOP) in Singapore Pritam Singh is being questioned by the ruling People's Action Party (PAP) for having spoken about politics in the city-state on a Malaysian podcast. Leader of opposition (LOP) in Singapore Pritam Singh. Singh, the secretary general of Workers Party (WP), shared his views on the Malaysian podcast which 'raises serious questions' as to why he chose to address the topic 'to a foreign audience', the Channel News Asia reported, citing PAP reactions. 'Strikingly, he chose not a local media outlet, but a podcast hosted by Malaysians and recorded in Malaysia to share his views on our domestic political landscape,' the party said in a statement. Singapore was part of the Federation of Malaysia till August 1965, and then became a sovereign state because of sensitive political differences with the central government in the capital city of Kuala Lumpur. In a video released on YouTube on June 24, he spoke to 'Keluar Sekejap (come out for a while — if literally translated), a popular Malaysian political podcast hosted by former health minister Khairy Jamaluddin and Shahril Hamdan, previously information chief of United Malays National Organisation. It was Singh's most in-depth interview since the May 3 general election, in which the PAP retained power with 65.57% of the ruling party claimed 87 out of 97 seats, the 10 seats going to WP. The PAP said the issue was not 'merely a matter of platform preference. It touches on a fundamental principle - that Singapore's domestic affairs should be debated and decided by Singaporeans, within Singapore'.Quoting former opposition stalwart of WP Chiam See Tong, the PAP demanded: 'The opposition must be 'truthful ... good patriotic Singaporeans ... and not go around the world renouncing Singapore'.' During the podcast interview, which lasted more than one-and-a-half hours, Singh addressed a wide range of topics, including the WP's electoral strategy, and the intersection of race, religion and politics. Replying to a question, Singh said he did not aspire to become the prime minister of also asked if there was a 'lack of ambition' from the WP and if it should have pivoted from the goal of winning one-third of the seats in parliament, to which Singh said that Singaporean voters were not seeking a change in government. The PAP also challenged Singh's claim that his party does not 'score political points based on race or religion' in the multi-national city state.
Mint
25 minutes ago
- Mint
Jane Street Banned in India LIVE Updates: Jane Street makes over ₹36,500 cr profit — all you need to know
04 Jul 2025, 04:45 PM IST Prop trading firms like Jane Street account for nearly 50% of options trading volumes. If they pull back— which seems likely —retail activity (~35%) could take a hit too. So this could be bad news for both exchanges and brokers. The next few days will be telling. F&O volumes might reveal just how reliant we are on these prop giants. I'll share more data as and when anything interesting turns up. – Nithin Kamath, Zerodha CEO 04 Jul 2025, 04:23 PM IST 'The implications of this move are far-reaching for global funds, PMS/AIFs, and proprietary trading desks. Market participants now face an evolved compliance landscape where aggressive expiry-day positioning and trades that manipulate market prices will come under greater scrutiny. While short-term liquidity disruptions may follow, the long-term benefits will be significant. By enforcing stricter regulations, SEBI is not only ensuring cleaner price discovery but also reinforcing institutional trust in India's capital markets. For global investors, the message is clear: India is open for business, but only on the terms of fair play and sound governance. This move could ultimately make India an even more attractive destination for long-term, rule-abiding capital,' said Harshal Dasani, Business Head, INVasset. 04 Jul 2025, 03:40 PM IST The most profitable trading day for Jane Group was January 17, 2024 (with profit to the tune of ₹ 734.93 crore), SEBI said in its order. The detailed analysis of the trades on this day revealed the existence of a strategy referred to as the 'Intraday Index Manipulation' Strategy, which appears to have been similarly deployed by the JS Group on 15 out of 18 trading days covered in this order, SEBI said. A different strategy, termed the 'Extended Marking the Close' Strategy, was observed on the remaining 3 days. This latter strategy was also seen to have been used on three additional days beyond the examination period—in May 2025, specifically in NIFTY index options, the order added. 04 Jul 2025, 03:33 PM IST Jane Street operates in India through four group entities—two based domestically and two located in Hong Kong and Singapore. The firm launched its first Indian entity in December 2020, while the other two Asian units are registered as foreign investors in India, according to a Reuters report. 04 Jul 2025, 03:05 PM IST Jane Street Ban LIVE: JSI Investments Private Ltd, JSI2 Investments Private Ltd, Jane Street Singapore Pte. Ltd and Jane Street Asia Trading Ltd. are the four entities that have been barred by SEBI and formed part of Jane Street Group. Here's how much profits they raked in from their alleged manipulation. 04 Jul 2025, 02:48 PM IST The capital market stocks fell today after SEBI barred US trading firm Jane Street from the Indian stock market over alleged manipulation in derivatives trading. Angel One slumped 6%. BSE share price was down 6.4% and Central Depository Services (India) fell 3.5%. Nuvama Wealth Management, which is Jane Street's India trading partner, fell more than 9%. 04 Jul 2025, 02:40 PM IST SEBI, in its 105-page order, accused Jane Street of manipulating the Bank Nifty index—an index made up of 12 top financial stocks and popular in derivatives trading. According to SEBI, Jane Street followed two key trading strategies over more than two years that were designed to unfairly move the index. Here's how it worked: In the morning, Jane Street would buy large amounts of Bank Nifty stocks and futures to artificially push up the index. At the same time, they were placing big bets against the index using options. Later in the day, they would reverse their trades—selling what they bought earlier—to drive the index back down and profit from the drop. SEBI said this created a false sense of market activity, tricking other traders into buying or selling at misleading price levels. On days when Bank Nifty options expired, Jane Street also made large, focused trades near market close, which SEBI says was an attempt to influence the final price of the index in their favour. 04 Jul 2025, 02:21 PM IST Market regulator banned US-based trading firm Jane Street from operating in the Indian stock market, accusing it of manipulating stock indices through its trades in the derivatives segment. In what is SEBI's toughest action yet against a foreign firm, the regulator said in an order on July 3 that Jane Street and its related companies are no longer allowed to trade in India. SEBI also seized ₹ 4,843 crore from the firm, calling it illegal profits made through the alleged manipulation.
