Thursday, April 6, 2017

Defence Acquisition Council Clears Proposals Worth Over Rs 860 Cr.

Defence Minister Arun Jaitley took stock of the various proposals and directed close monitoring and expeditious clearance of pending capital acquisitions cases, particularly those at the CFA  and CNC stages.

The DAC approved Capital Acquisition Proposals totaling over Rs 860 Cr.

The important proposal approved by the DAC included:- 

Procurement of Expendable Bathy Thermograph Systems for the Indian Navy with a categorization of Buy Global under the FMS Route from USA.

Procurement of equipment to counter mines in the sea. The equipment is being procured as a repeat order with Buy Global Categorisation at a cost of approx. 311 Crore.

Procurement of Barak Missiles for Naval Warships with a categorisation of Buy Global under the Option Clause from M/s Rafael Advance Defense Systems Limited.

In addition to the above grant of AoNs, the DAC also reviewed several old proposals and gave instructions for the speedy processing of proposals.  

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