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The Economic Times

India clears ₹1.10 lakh crore defence acquisitions for Army, Navy and Air Force

Air Force Navy ARMY India the Defence Acquisition Council the Indian Air Force the Indian Army the Indian Navy

The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Monday approved in-principle acquisition proposals worth around Rs 1.10 lakh crore for the Indian defence forces, with about 98% of the procurements to be sourced from Indian industry.

The council accorded Acceptance of Necessity (AoN), which constitutes in-principle administrative approval, to a range of acquisition proposals for the Indian Army, Navy and Air Force.

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