Rajnath-Led DAC Approves 10 Capital Acquisitions Worth Rs 1.45 Lakh Cr For Future-Ready Combat Vehicles, Radars
<p>The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, has greenlit 10 capital acquisition proposals worth Rs 1.45 lakh crore, aiming to significantly enhance India’s defence capabilities. The Ministry of Defence (MoD), in a <a href=”https://pib.gov.in/PressReleasePage.aspx?PRID=2051323″>statement</a> issued on Tuesday, emphasised that “99% of the total cost of AoNs (Acceptance of Necessity) is from indigenous sources under Buy (Indian) and Buy (Indian-Indigenously Designed Developed and Manufactured) categories.”</p> <p>Among the major approvals is the procurement of Future Ready Combat Vehicles (FRCVs), which is intended to modernise the Indian Army’s tank fleet. The MoD highlighted that the FRCV “will be a futuristic Main Battle Tank with superior mobility, all-terrain ability, multilayered protections, precision & lethal fires… Read More »Rajnath-Led DAC Approves 10 Capital Acquisitions Worth Rs 1.45 Lakh Cr For Future-Ready Combat Vehicles, Radars