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    You are at:Home » In Self-Reliance Push, India Clears Military Purchases Worth ₹76,390 Crore

    In Self-Reliance Push, India Clears Military Purchases Worth ₹76,390 Crore

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    By Amit Bhanot on June 6, 2022 National

    (HT)

    In the latest push to self-reliance in defence, India on Monday cleared the purchase of indigenous military hardware worth ₹76,390 crore to sharpen the country’s combat capabilities with next-generation warships, wheeled armoured fighting vehicles with anti-tank guided missiles, weapon locating radars and bridge-laying tanks, the defence ministry announced.

    The defence acquisition council (DAC) – India’s apex procurement body – accorded its acceptance of necessity (AoN) for the capital acquisition proposals. Under India’s defence procurement rules, AoN by the council, headed by defence minister Rajnath Singh, is the first step towards buying military hardware.

    The proposals have been greenlit by DAC under acquisition categories that seek to promote self-reliance in the defence manufacturing sector. “This will provide substantial boost to the Indian defence industry and reduce foreign spending significantly,” the ministry said.

    Next-generation corvettes for the navy will cost around ₹36,000 crore and will be used for surveillance missions, escort operations, search and attack, deterrence, and coastal defence, officials said. “These corvettes will be based on a new in-house design of the Indian Navy using latest technology, and would contribute to further the government’s initiative of SAGAR (Security and Growth for all in the Region),” the ministry said.

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