Tribune News Service
Chandigarh, July 15
The Defence Acquisition Council (DAC) has delegated powers to armed forces for progressing pressing capital acquisition as much as Rs 300 crore to fulfill instant operational necessities of the armed forces.
The choice was taken on the DAC assembly chaired by the Defence Minister Rajnath Singh in New Delhi on Wednesday. An official assertion mentioned the choice was taken contemplating the safety atmosphere prevailing alongside the Northern Borders and the necessity to strengthen the Armed Forces.
The assertion additional said that the choice will shrink the procurement timelines and guarantee placement of orders inside six months and graduation of deliveries inside one 12 months.
Earlier, this month the DAC had accorded approval for capital acquisitions of assorted platforms and tools price Rs 38,900 crore roughly. Focused on indigenous design and growth, these approvals included acquisitions amounting to Rs 31,130 crore from the Indian trade.
Also, addressing the lengthy felt want of the Indian Air Force to extend its fighter squadrons, the DAC had additionally accepted the proposal for procurement of 21 MIG-29 fighter plane and improve of current 59 Mig-29 plane and procurement of 12 further Su-30 MKI fighters.
While the MIG 29 procurement from Russia is estimated to price Rs 7,418 crore, the Su-30 MKI can be procured from HAL at an estimated price of Rs 10,730 crore.