In a lift to the armed forces, the Ministry of Defense (MoD) on Wednesday authorized procurement of army {hardware} value Rs 13,165 crore, together with 25 indigenously developed ALH Mark-III helicopters and rocket ammunition.
“The Defense Ministry has approved the procurement of military hardware worth Rs 13,165 crore. The procurement of military hardware approved by the ministry includes 25 advanced light helicopters and rocket ammunition,” officers had been quoted as saying by information company PTI.
The Defense Ministry stated the price of buying the helicopter has been estimated at Rs 3,850 crore, whereas a batch of rocket ammunition can be procured for Rs 4,962 crore.
The procurement proposals had been authorized in a gathering of the Defense Acquisition Council (DAC) chaired by Defense Minister Rajnath Singh.
Out of the whole procurement, gear and platforms value Rs 11,486 crore can be procured from home entities.
“DAC granted approval requirement (AON) for capital acquisition proposals for modernization and operational wants of the Indian Armed Forces amounting to roughly Rs 13,165 crore. Of the whole sanctioned quantity, Rs 11,486 crore (87 per cent) is procured from home sources.
In addition, the DAC authorized sure amendments to the Defense Acquisition Process 2020 as part of “Business Process Re-engineering to ensure ease of doing business for the industry as well as measures to enhance procurement efficiency and reduce timelines”. “Maybe. stated.
This comes at a time when the Center has requested Indian protection producers to extend their manufacturing. Singh lately stated that The share of purchases from the home trade has elevated to round 65 per cent. for protection modernization, and as much as 15 % from personal home trade. Speaking on the annual session of the trade physique Society of Indian Defence, Singh stated, “It is a giant deal for all that the share of home procurement has elevated to 64.09 per cent within the quantity allotted for protection modernisation. Also, the share of direct purchases from the personal sector in home capital purchases has gone as much as 15 per cent.
He additionally stated that the federal government is “providing a suitable development environment to the private sector” and highlighted that “we have planned to build a mega defense program for fighter aircraft, helicopters, tanks and submarines through the strategic partnership model”. Opportunities have opened”.
Earlier this yr, Center approves budgetary assist of round Rs 499 crore for analysis and innovation within the protection sector for the subsequent 5 years.
Last week, the Center positioned an order for 118 new Arjun Mk-1A battle tanks, which have higher firepower, all-terrain maneuverability and multi-layered defence, than the older fashions. Arjun has been the mainstay of the military for the final 15 years. The new tanks, developed by the Defense Research and Development Organization, can be manufactured on the authorities’s heavy car manufacturing unit in Chennai. The order is value Rs 7,523 crore.
(with PTI inputs)
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With inputs from TheIndianEXPRESS
