INDUSTRY
Defence Ministry’s nod for Rs 1,44,716-crore, 10 capital acquisition proposals
- IBJ Bureau
- Sep 04, 2024
The Defence Ministry on Tuesday approved the procurement of future-ready combat vehicles (FRCVs) for modernisation of the Army's tank fleet and air defence fire control radars, among other proposals.
The proposals were cleared by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.
The DAC “accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore”, the ministry said in a statement.
Of the total cost of the AoNs, 99 per cent are from indigenous sources under the Buy (Indian) and Buy (lndian-Indigenously Designed Developed and Manufactured) categories, it added.
“For modernisation of the tank fleet of the Indian Army, the proposal for procurement of FRCVs has been cleared,” the statement said.
The FRCVs will be futuristic main battle tanks with superior mobility, all-terrain ability, multi-layered protections, precision and lethal fires and real-time situational awareness.
An AoN was also accorded for the procurement of air defence fire control radars, which will detect and track aerial targets and provide firing solutions.
“The proposal has also been approved for Forward Repair Team (Tracked), which has suitable cross-country mobility for carrying out in-situ repair during mechanised operations. This equipment is designed and developed by Armoured Vehicles Nigam and is authorised for both mechanised Infantry Battalion and Armoured Regiment,” the statement said.
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