India approves mega defence deal worth Rs 2.2 lakh crore

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India approves mega defence deal worth Rs 2.2 lakh crore

| Updated: December 1, 2023 13:07

deal worth Rs 2.2 lakh crore

New Delhi: In a significant boost to the country’s defence preparedness, the Defence Acquisition Council (DAC) on Thursday accorded approval for a series of capital acquisition proposals worth Rs 2.23 lakh crore.

The DAC, headed by Defence Minister Rajnath Singh, approved the procurement of 97 additional Tejas Light Combat Aircraft (LCA) and around 150 Prachand light combat helicopters. The deal is expected to give a major fillip to the domestic defence industry.

Key highlights of the DAC meeting:

  • Approval for procurement of 97 additional Tejas LCA
  • Nod for procurement of around 150 Prachand light combat helicopters
  • Acceptance of Necessity (AoN) for the upgradation of Su-30 MKI aircraft indigenously
  • AoN for procurement of two types of Anti-tank Munitions
  • AoN for procurement of state-of-the-art Towed Gun System (TGS)
  • AoN for procurement of 155 mm Nubless projectile

The DAC’s decisions are expected to have a significant impact on the Indian Air Force’s (IAF) capabilities. The additional Tejas LCA will enhance the IAF’s fighter jet strength, while the Prachand helicopters will boost its ability to carry out missions in high-altitude areas.

The upgradation of Su-30 MKI aircraft will extend their operational life and enhance their capabilities. The procurement of anti-tank munitions and Towed Gun System will also strengthen the IAF’s firepower.

The DAC’s decisions are also a major boost for the domestic defence industry. The procurement of Tejas LCA and Prachand helicopters will create jobs and stimulate growth in the sector.

The DAC’s decisions are in line with the government’s focus on making India a self-reliant defence power. The government has been taking a number of steps to promote indigenous defence production, including setting up defence corridors and increasing the allocation for capital procurement from domestic sources.

The Indian defence industry has been growing rapidly in recent years and is now capable of producing a wide range of sophisticated military equipment. The DAC’s decisions are expected to further accelerate the growth of the domestic defence industry.

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