Monday, December 15, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Uncategorized

Manufacturing: DAC clears Rs.76,390cr Capital Acquisition Proposals

Fiinews by Fiinews
June 6, 2022
in Uncategorized
Reading Time: 2 mins read
A A
0
Mahindra Defence

Mahindra Emirates Vehicle Armouring FZ LLC.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

Orders to boost defence industry, says Ministry

The Defence Acquisition Council (DAC), in a meeting chaired by Defence Minister Rajnath Singh on 6 June 2022, has accorded Acceptance of Necessity (AoN) for Capital Acquisition Proposals of the Armed Forces amounting to Rs.76,390 crore under ‘Buy (Indian)’, ‘Buy & Make (Indian)’ and ‘Buy (Indian-IDDM)’ categories.

This will provide substantial boost to the Indian Defence Industry and reduce foreign spending significantly, the Defence Ministry said.

For the Indian Army, the DAC accorded fresh AoNs for procurement of Rough Terrain Fork Lift Trucks (RTFLTs), Bridge Laying Tanks (BLTs), Wheeled Armoured Fighting Vehicles (Wh AFVs) with Anti-Tank Guided Missiles (ATGMs) and Weapon Locating Radars (WLRs) through domestic sources with emphasis on indigenous design and development.

For the Indian Navy, the DAC accorded AoN for procurement of Next Generation Corvettes (NGC) at an estimated cost of approx. Rs.36,000 crore. These NGCs will be versatile platforms for variety of roles viz. surveillance missions, escort operations, deterrence, Surface Action Group (SAG) operations, Search & Attack and Coastal Defence.

These NGCs would be constructed based on new in-house design of Indian Navy using latest technology of ship building and would contribute to further the Government’s initiative of SAGAR (Security and Growth for all in the Region).

The DAC accorded AoNs for manufacture of Dornier Aircrafts and Su-30 MKI aero-engines by the Navratna CPSE Hindustan Aeronautics Limited with focus on enhancing indigenisation particularly in indigenising aero-engine material.

In pursuance of the Government’s vision for digital transformation in Defence, ‘Digital Coast Guard’ project under ‘Buy (Indian)’ Category has been approved by the DAC.

Under this project, a pan India secure network for digitising of various surface and aviation operations, logistics, finance and HR processes in Coast Guard will be established, the Ministry said. fiinews.com

Tags: Ministry of Defence
ShareTweetShare

Related Posts

Airport Authority of India
Tenders

Tender: Kora-Puri greenfield airports granted IPAs

by Fiinews
May 6, 2025
0
20

Govt strengthening last-mile air connectivity Civil Aviation Minister Rammohan Naidu Kinjarapu has granted in-principle approval (IPA) for the establishment of...

APEDA.
Exports

Export: Agri products showcased in California

by Fiinews
March 13, 2025
0
35

APEDA displayed India’s organic agricultural prowess The Agricultural and Processed Food Products Export Development Authority (APEDA) led 13 leading Indian...

Du

Exports:  STL wins deals in US, MEA and UK

November 2, 2024
13
Platinum Products

Exports: Platinum expands markets for scaled capacity

August 14, 2024
25
Metricstream

Technology: MetricStream recognised in AI ranking

August 13, 2024
51
Rockwell Automation

Manufacturing: Industries urged to adopt automation for growth

June 4, 2024
20
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Manufacturing: Railways produced 4,224 LHB coaches
  • Tender: Bengaluru preparing for second airport
  • Project: Port talks being held with maritime countries
  • Project: Strengthen cybersecurity in power network
  • Invest: Novigo becomes R Systems subsidiary

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.