Big Decision by Defence Ministry! DAC delegates Rs 300 cr capital procurement powers to Armed Forces
On account of prevailing tight situation on the borders, the Ministry of Defense has delegated the powers for urgent capital acquisition cases up to Rs 300 crore to the Indian Armed Forces.
On account of prevailing tight situation on the borders, the Ministry of Defense has delegated the powers for urgent capital acquisition cases up to Rs 300 crore to the Indian Armed Forces. This decision by the ministry will enable the Indian forces to meet its emergent operational requirements. The Ministry of Defense informed about the decision yesterday evening in a written statement
The Ministry of Defense said, "Considering the security environment due to prevailing situation along the Northern Borders and the need to strengthen the Armed Forces for the Defence of our borders, a Special Meeting of the Defence Acquisition Council (DAC) was convened on 15th July 2020 under the Chairmanship of Raksha Mantri Rajnath Singh. The DAC delegated the powers for progressing urgent Capital Acquisition Cases upto Rs 300 crores to the Armed Forces to meet their emergent operational requirements. This will shrink the procurement timelines and ensure placement of orders within six months and commencement of deliveries within one year."
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Earlier this month, the DAC had approved the procurement of long range land attack cruise missile systems with a range of 1,000 km, Astra missiles and 33 frontline fighter aircraft, besides other platforms at a cost of Rs 38,900 crore. The 33 fighters include 21 MiG-29 aircraft and 12 Su-30 MKI. This would be an important procurement for the IAF, which has deployed its assets at key locations along the LAC.
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