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Defense Equipment Worth Rs.8357 cr Cleared for Purchase

    23 March , 2022         Fdiindia

Defense Equipment Worth Rs.8357 cr Cleared for Purchase

The Defense Acquisition Council (DAC), chaired by Defense Minister Nirmala Sitharaman, cleared the purchase of defense equipment worth Rs. 8357 crore on Thursday.

This includes the purchase of 22 Apache attack helicopters for Rs. 4,900 crore from Boeing in a government-to-government deal with the US, as well as 15 Chinook heavy-lift helicopters for Rs. 3,700 crores from Boeing and 10 CH-47F Chinook medium-lift choppers for Rs. 1,600 crores from US manufacturer Sikorsky Aircraft Corporation.

The DAC also approved a proposal to allow foreign direct investment (FDI) up to 100% in defense manufacturing under the automatic route subject to certain conditions and laid down guidelines to ensure that Indian companies have the edge over their foreign competitors.

The hardware will be sourced indigenously, the defense ministry said in a statement.

The DAC, headed by defense minister Rajnath Singh, accorded its acceptance of necessity (AoN) for equipment including the GSAT-7B satellite for the army, air defense fire control radars, light vehicles, and image intensifiers, the officials said. Under India's defense procurement rules, AoN by the council is the first step towards buying military hardware.

 "Acquisition of these equipment and systems will enhance operational preparedness of armed forces by providing better visibility, enhanced mobility, improved communication and increased capability of detecting enemy aircraft," the statement said.

The GSAT-7 series of advanced satellites built by the Indian Space Research Organization (ISRO) is designed to provide communication capabilities to users over vast expanses, including oceans. The navy has its own GSAT-7 satellite.

The Cabinet Committee on Security (CCS) has given approval for the purchase of defense equipment worth Rs. 8357 crore from foreign companies under the 'Buy and Make (Indian)' category, a government release said on Friday. The CCS approval was given at its meeting held in New Delhi, chaired by Prime Minister Narendra Modi.

"The need for indigenization is being felt like never before on the back of the Russia-Ukraine crisis, which could disrupt supply chains and have a bearing on India's defense needs," he added.

The government has approved the purchase of defense equipment worth Rs. 8357 crore from foreign companies, in a bid to boost India's military capabilities and keep pace with China's modernization drive.


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