Govt clears ₹2.12 lakh crore defence procurements, including kamikaze drones and helicopters
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India cleared ₹2.12 lakh crore for defence procurements on Monday to boost combat power.
- ✓The Defence Acquisition Council approved buying light helicopters, long-range Kamikaze drones, and radars.
- ✓These systems will help the Army, Navy, and Air Force.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
In a major defence acquisition push, India on Monday cleared procurement of a range of military platforms and weapon systems, including light multi-role helicopters, long-range Kamikaze drones and radars, at a cost of ₹2.12 lakh crore to boost the combat prowess of the defence forces.
The procurement proposals were approved by the Defence Acquisition Council (DAC), the defence ministry's highest decision-making body on military procurement. It was chaired by Defence Minister Rajnath Singh.
The DAC accorded Acceptance of Necessity (AoN) or in-principle administrative approval to various capital acquisition proposals of an estimated cost of about ₹2,12,000 crore, the defence ministry said.
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