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

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.
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