Rs.27,000cr of AoNs for Indian industry
The Defence Acquisition Council (DAC) has approved Capital Acquisition proposals of various Weapons, Platforms, Equipment and Systems required by the Indian Army, the Indian Navy and the Indian Air Force at an approximate overall cost of Rs.28,000 crore.
This is the first meeting of the DAC under the new regime of Defence Acquisition Procedure 2020 and these are the first set of Acceptance of Necessity (AoNs) accorded with majority AoNs being accorded in the highest categorization of Buy Indian (IDDM), said the Defence Ministry on 17 Dec 2020.
Six of the seven proposals, that is, Rs.27,000 crore out of Rs.28,000 crore for which AoNs were granted will be sourced from the Indian industry to give a boost to the “Make in India” and “Atmanirbhar Bharat” initiatives of the Government.
Acquisition proposals approved on 17 Dec 2020 include the DRDO designed and developed Airborne Early Warning & Control (AEW&C) Systems for the Indian Air Force, Next Generation Offshore Patrol Vessels for the Indian Navy and Modular Bridges for the Indian Army. #makeinIndia #manufacturing #defence #investment /fiinews.com
