₹2.23-trn military projects cleared
Financial Express Mumbai|December 01, 2023
INDIA ON THURSDAY accorded an initial approval to defence acquisition projects worth ₹2.23 trillion that included procurement of 97 Tejas light combat aircraft and 156 Prachand combat helicopters, in a major move to significantly enhance the combat capabilities of the armed forces.
  • A BOOST TO DEFENCE INDUSTRY

The Defence Acquisition Council (DAC), chaired by defence minister Rajnath Singh, cleared the projects, at a time India is locked in a bitter military standoff with China at a number of friction points in eastern Ladakh for over three years.

The defence ministry said 98% of the total procurement worth 2.23 trillion will be sourced from the domestic industries and that the move will give a substantial boost to the Indian defence industry in achieving the goal of 'Aatmanirbharta' (self-reliance) in defence industry.

The DAC also approved a proposal of the Indian Air Force to upgrade its Su-30 fighter fleet by state-run aerospace major Hindustan Aeronautics (HAL).

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