Rs. 1.45 Lakh Crore Defence Purchase 99 % Domestic Made In India Approvals @ DAC Chaired By Defence Minister Hon'ble Sri Rajnath Singh Ji on September 3, 2024
New Delhi: In a significant boost to local manufacturing, the Defence Acquisition Council (DAC) has approved 10 capital acquisition proposals worth a staggering Rs 1.44 lakh crore. Chaired by Defence Minister Rajnath Singh, the DAC greenlit these proposals under the 'Buy (Indian)' and 'Buy (Indian-Indigenously Designed Developed and Manufactured)' categories, ensuring a substantial contribution to domestic production.
Key Highlights:
Earlier Cabinet Approval:
In a related development, the Cabinet Committee on Security (CCS) recently approved the procurement of new engines for the Su-30MKI fighter jets. Hindustan Aeronautics Limited (HAL) will manufacture these AL-31FP engines at its Koraput plant, securing a Rs 26,000 crore contract. These engines will replace older ones reaching the end of their service life and will have an indigenous content of over 54%. The CCS has cleared an order for 240 of these engines.
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