homeindia NewsIndia to buy Rs 76,390 crore military equipment from domestic sector

India to buy Rs 76,390-crore military equipment from domestic sector

Defence Acquisition Council (DAC) cleared procurement of next generation Corvettes (NGCs) at roughly Rs 36,000 crore for the Indian Navy, among others. 

By CNBC-TV18 Jun 6, 2022 6:38:57 PM IST (Updated)


The Defence Acquisition Council (DAC), in a meeting chaired by Union Defence Minister Rajnath Singh, on June 6 approved the procurement of military equipment and platforms worth Rs 76,390 crore from domestic industries.

For the Indian Army, the DAC has approved the procurement of rough terrain fork lift trucks, bridge laying tanks, wheeled armoured fighting vehicles with anti-tank guided missiles and weapon locating radars through domestic sources with emphasis on indigenous design and development.

Coming to the Indian Navy, the DAC has approved the procurement of next generation Corvettes (NGCs) at an estimated cost of approximately Rs 36,000 crore. These NGCs will be versatile platforms for a variety of roles, like surveillance missions, escort operations, deterrence, surface action group (SAG) operations, search & attack and coastal defence.