Defence Minister Rajnath Singh-led Defence Acquisition Council in its year-end meeting has accorded Acceptance of Necessity for various proposals of the three services.
Efforts are underway to make DAP 2020 ‘amenable to service requirements’. Ministry lays out the plan for next 15 yrs, which includes 500+ schemes to boost fighting capability acquisition.
Project 17 Bravo stealth frigates are follow-on of Nilgiri class frigates. The new frigates will have advanced capabilities, such as a weapon-sensor package.
Defence Acquisition Council also gives its nod to upgrade Su-30 fighter fleet. Of the total Rs 2.23 lakh crore acquisitions, 98% will be sourced from domestic industries, says ministry.
Defence Acquisition Council Tuesday cleared first step of procurement for indigenously designed and built GSAT 7B, a state-of-the-art, multiband, military-grade satellite for Army.
Last week, the Defence Acquisition Council scrapped the Coast Guard programme to buy 14 twin-engine helicopters under Buy Global category. Other projects under review now.
Defence Acquisition Council meeting chaired by Rajnath Singh puts emphasis on indigenous products. Foreign firms can tie up with Indian companies to produce for global market.
Unprecedented emergency powers given to armed forces under the capital budget, for purchases of new equipment and systems, are likely to ease bottlenecks.
Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia, still less than what traders anticipated.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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