DAC Approves Capital Acquisitions Worth Rs 38,900 Crore

Issue: 8 / 2020

Raksha Mantri Rajnath Singh chaired the DAC meeting in which approval was accorded for capital acquisition of various platforms and equipment worth 38,900 crore (about $5.2 billion). Focused on indigenous design and development these approvals include acquisitions from Indian industry of 31,130 crore.

These include Pinaka ammunitions, BMP armament upgrades and software defined radios for the Indian Army, Long Range Land Attack Cruise Missile Systems and Astra Missiles for the Indian Navy and Indian Air Force (IAF). Also included are 21 MiG-29 from Russia and procurement of 12 Russian Su-30 MKI aircraft to be built under license by HAL. Also upgrade of the existing fleet of MiG-29 aircraft with the IAF, is on the cards.