Defence Ministry Clears Defence Projects of Worth Rs. 80,000 Cr
NEW DELHI: Defence Minister Arun Jaitley led Defence Acquistion Council on Saturday gave approval to the defence procurements of worth Rs. 80,000 crore.
long pending proposals have just seen the light with the defence
ministry giving clear signal to the navy’s Project 75 India i.e
construction of six new submarines with the cost of approximately Rs.
Navy’s depleting under water capability has been a
serious cause of concern especially after accident o INS Sindhurakshak
and INS Sindhuratna. Besides, submarine, defence ministry also cleared
crucial anti tank guided missile system for the Indian army.
Spike has been selected over US’s Javelin to buy third-generation Spike
ATGM systems including 321 missile launchers, 8,356 missiles and 15 training simulators along with transfer of technology with an estimated cost of Rs 3200 crore.
Army would mount these ATGMS on its infantry combat vehicles. Order
for production of 363 BMP-2 for army unit from Ordinance Factory Board
has also been approved alongwith Rs. 1850 crore deal for procurement of
12 additional Dornier surveillance and reconnaissance aircraft for the
navy. Army’s another proposal of worth Rs. 662 crore for buy Radio relay
“National security is of paramount concern for the government and all hurdles and bottlenecks in procurement process
should be endorsed expediently,” Jaitely said while taking first major
meeting with the defence ministry officials after recuperating from