Following Prime Minister Shri Narendra Modi’s clarion call for ‘Aatmanirbharta’, Defence Acquisition Council (DAC), in a meeting chaired by Raksha Mantri Shri Rajnath Singh on June 06, 2022, accorded Acceptance of Necessity (AoN) for Capital Acquisition Proposals of the Armed Forces amounting to Rs 76,390 crore under ‘Buy (Indian)’, ‘Buy & Make (Indian)’ and ‘Buy (Indian-IDDM)’ categories. This will provide substantial boost to the Indian Defence Industry and reduce foreign spending significantly. Read More…
