DAC CLEARS PROPOSAL WORTH RS 15,935 CRORE

Sarkaritel
By Sarkaritel February 13, 2018 21:32


The Defence Acquisition Council (DAC), chaired by Raksha Mantri Smt Nirmala Sitharaman, met today and accorded approval to Capital Acquisition Proposals of the Services valued at approximately Rs 15,935 crore.

These included procurement of essential quantity of Light Machine Guns for the three Services through the Fast Track Procedure at an estimated cost of over Rs 1,819 crore. This procurement will meet the operational requirement of the troops deployed on the borders. A concurrent proposal is being processed for the balance quantity to be procured under the ‘Buy and Make (Indian)’ categorisation.

The DAC also accorded approval for procurement of 7.4 lakh Assault Rifles for the three Services. These Rifles will be ‘Made in India’ under the categorisation of ‘Buy and Make (Indian)’, through both Ordnance Factory Board and Private Industry at an estimated cost of Rs 12,280 crore.

Sarkaritel
By Sarkaritel February 13, 2018 21:32