Capital acquisition of ‘Made-in-India’ military hardware worth Rs 70,584 cr approved
New Delhi: India on Thursday approved capital acquisition of a plethora of indigenously-developed military hardware including indigenous BrahMos missiles, marine diesel engine, artillery gun system, electronic warfare suits and utility helicopters at a cost of Rs 70,584 crore as part of a mega procurement plan.
Out of the total acquisition plan, the Indian Navy’s proposals constitute more than Rs 56,000 crore, which largely included Shakti Electronic Warfare (EW) systems, maritime helicopters and other key equipment, officials said.
All the platforms and weapons systems are being procured from domestic sources.
The other key military hardware which are being procured included long range stand-off weapon, K-9 Vajra-T gun system, 155mm/52 caliber advanced towed artillery gun system and gun towing vehicles for the Indian Army.
The approval to the procurement proposals has been accorded by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, an official statement said.
The approval for a medium speed marine diesel engine is seen as a significant step as for the first time, India is venturing into the development and manufacturing of such engines indigenously.
The go ahead to the fresh procurement proposals came amid the nearly three-year standoff along the Line of Actual Control in eastern Ladakh with China.
The DAC accorded Acceptance of Necessity (AoN) for capital acquisition amounting to Rs 70,584 crore and all the procurement will be made under the Buy (Indian-IDDM) category.
The total approval granted for capital acquisition in the financial year 2022-23 now stands at Rs 2,71,538 crore, out of which 98.9 per cent of the procurement will be sourced from the Indian industries, the officials said.
“Such quantum of indigenous procurement will not only galvanize the Indian industries towards achieving the goal of ‘Aatmanirbhar Bharat’ (self-reliant India) but also reduce India’s dependency on foreign vendors to a large extent,” Singh’s office tweeted.
