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The Economic Times
The Economic Times
National

Rs 2.12 lakh crore defence push gets DAC nod, 82% for Indian firms

Indian Navy Indian Air Force Indian Army Ministry of Defence Surveillance Drone

The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on October 26 accorded Acceptance of Necessity (AoN) to capital acquisition proposals worth about Rs 2,12,000 cr for the armed forces, giving a major push to defence modernisation and domestic procurement.

About 82% of the approved procurements will be sourced from Indian industry, according to the Ministry of Defence.

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