Defence Acquisition Council clears proposals worth Rs 1,900 crore

The Defence Acquisition Council (DAC) has cleared proposals worth 1,900 crore rupees (close to $3 billion). All these approved proposals will be executed under ‘Buy India’ by Indian contractors.

Decision in this regard was taken by DAC meeting chaired by Union Defence Minister Manohar Parrikar in New Delhi.

Proposals cleared by DAC are

Weapons repair facility at Port Blair at a cost of Rs 450 crore. Anti-tank guided missiles for training purpose of the army.

It is worth of 405 crore rupees. Electronic warfare system for low intensity conflict in Jammu and Kashmir.

It is worth of 330 crore rupees. Mumbai based Defence shipyard Mazagon Dock will get a repair facility for Scorpene submarines at cost of Rs 725 crore.

The dock is constructing six Scorpene submarines for Indian Navy.

Defence Acquisition Council (DAC): It is an apex body of Union Defence Ministry for clearing defence procurement proposals forwarded by the Indian Army, Navy and Air Force.

Current Affairs 29th September, 2016
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