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    You are at:Home » Strengthening India’s Defence: DAC Approves Strategic Capital Acquisition Proposals Worth Rs 2.23 Lakh Crore

    Strengthening India’s Defence: DAC Approves Strategic Capital Acquisition Proposals Worth Rs 2.23 Lakh Crore

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    By Amit Bhanot on December 1, 2023 PRIVATE SECTOR

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    The Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh on November 30, 2023, granted approval for Acceptance of Necessity (AoNs) totalling Rs 2.23 lakh crore. An impressive 98 percent of this amount, equating to Rs 2.20 lakh crore, will be sourced domestically, marking a significant stride towards achieving the goal of ‘Aatmanirbharta.’

    The DAC’s nod includes the procurement of two types of Anti-tank Munitions, Area Denial Munition (ADM) Type – 2 and Type-3, capable of neutralising Tanks, Armoured personnel carriers, and enemy personnel. To replace the Indian Field Gun (IFG) that has reached the end of its service life, AoN has been granted the state-of-the-art Towed Gun System (TGS), set to become a cornerstone for the Indian Army’s Artillery forces. Additionally, AoN was accorded for the 155 mm Nubless projectile, enhancing the lethality and safety of projectiles, all to be procured under the Buy (Indian-IDDM) category.

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    Amit Bhanot

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