Indian government approves defense acquisitions worth Rs 45,000 crore from domestic vendors

Daily Current Affairs / Indian government approves defense acquisitions worth Rs 45,000 crore from domestic vendors

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Category : Defense Published on: September 18 2023

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The Government of India gave a significant boost to the "Atmanirbhar Bharat" initiative by approving defense acquisitions worth Rs 45 thousand crore from domestic vendors.
The Defense Acquisition Council (DAC), chaired by Defense Minister Rajnath Singh, has granted Approval of Requirement (AoN) for nine capital acquisition proposals.
These acquisitions will exclusively involve Indian vendors, which will significantly contribute to the growth of the Indian defense industry and align with the objective of achieving self-reliance in defense manufacturing.