October 25, 2014

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.
Major 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. 50,000 crore.
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.
Israeli 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.
The 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 container.
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 illness.

- newindianexpress

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