DAC Clears Defence Acquisition Proposals Worth ₹1.10 Lakh Crore; 98% Procurement to Come from Indian Industry

New Delhi : The Defence Acquisition Council (DAC), chaired by Raksha Mantri Shri Rajnath Singh, has accorded Acceptance of Necessity (AoN)—the in-principle administrative approval—for various capital acquisition proposals for the Defence Forces with an estimated value of approximately ₹1.10 lakh crore. The approvals cover major capability enhancements for the Indian Army, Indian Navy and Indian [...]