Government has cleared defence proposals worth over 30 thousand crore rupees at a meeting of the Defence Acquisition Council (DAC). The meeting was chaired by Defence Minister Manohar Parrikar, held in New Delhi yesterday.<br/><br/>An official said, the biggest take away from the meeting was the acceptance of necessity for replacing L70 and Zu 23mm guns for army's air defence under Buy-and-Make category. Army will go in for 428 guns at a total cost of 16,900 crore rupees. Replacing of these vintage guns was a major priority for the army. It said, the DAC approval will now pave the way for issuance of a Request for Proposal. Only two Indian companies, Punj Llyod and Bharat Forge had responded to an army request for information on the procurement plan.<br/><br/>The other major deal cleared, for the acquisition of four more P81 aircraft, involves a cost of 4,380 crore rupees.
News On AIR | July 15, 2015 8:37 AM
Govt clears defence proposals worth over Rs 30,000 crore