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Time of India
03-07-2025
- Business
- Time of India
Defence Ministry gives go ahead to acquisitions worth Over Rs 1 lakh crore
The defence ministry has given the armed forces the go ahead to carry out acquisitions worth over ₹1 lakh crore, including critical mine counter-measure vessels, quick reaction surface-to-air systems and underwater drones. The Rajnath Singh-led Defence Acquisition Council (DAC) on Thursday accorded acceptance of necessity (AoN) for 10 capital acquisition proposals amounting to around ₹1.05 lakh crore through indigenous sourcing. "These procurements will provide higher mobility, effective air defence, better supply chain management and augment the operational preparedness of the armed forces," officials said. Sources said the largest project cleared is the acquisition of 12 Mine Counter Measure Vessels (MCMVs) urgently needed by the Indian Navy. The vessels will be made in India and the winner will be decided through competitive bidding. Indian shipbuilders are expected to rope in foreign partners for the complex project that is expected to cost over ₹44,000 crore. The Navy has been operating without a single minesweeper after retiring its older generation ships and has been trying to procure replacements for the past two decades. Another major project cleared is the acquisition of Quick Reaction Surface to Air Missile (QRSAM) systems for the Indian Army that is valued at over ₹30,000 crore. The system has been designed by Defence Research and Development Organisation and has a range of around 30 km. The Indian Army will get three regiments of the indigenous system to complement other equipment like the Akash Air defence system. The ministry has also accorded AoNs for the procurement of Armoured Recovery Vehicles, Electronic Warfare System and an Integrated Common Inventory Management System for the Tri-Services. Economic Times WhatsApp channel )
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Business Standard
03-07-2025
- Business
- Business Standard
Defence Acquisition Council approves defence purchases worth ₹1.05 trn
DAC clears defence buys to boost mobility, air defence, naval safety and promote indigenously designed, developed and manufactured military systems The Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, approved 10 major capital acquisition proposals on Thursday. The total value of these approvals is around ₹1.05 trillion through indigenous sourcing. The approvals, known as Acceptance of Necessity (AoN), cover the procurement of Armoured Recovery Vehicles, an Electronic Warfare System, an Integrated Common Inventory Management System for the Tri-Services, and Surface-to-Air Missiles. Further AoNs were given for buying Moored Mines, Mine Counter Measure Vessels, Super Rapid Gun Mount, and Submersible Autonomous Vessels. These systems are aimed at improving the Navy's ability to protect both naval and merchant ships. 'These procurements will enable mitigation of potential risks posed to the Naval and Merchant Vessels,' the statement added. To encourage domestic innovation, all the approvals were given under the Buy (Indian-Indigenously Designed Developed and Manufactured) category, which is intended to strengthen India's self-reliance in defence production.
