Make in India: DAC approves capital procurement worth Rs 3300Cr

NEW DELHI: Giving a push to Modi Government’s ambitious ‘Make in India’ initiative, the government on Monday accorded approval for capital procurement for the defence forces amounting over Rs 3300 crore of indigenously designed and developed equipment.

The decision was taken by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.

“Maintaining its impetus on the ‘Make in India’ initiative, the DAC accorded approval for three projects to be indigenously designed, developed and manufactured by the Indian industry,” the Ministry of Defence said.

The first two projects include third generation Anti-Tank Guided Missiles (ATGM) and the Auxiliary Power Units (APUs) for the T-72 and T-90 Tanks.  (AGENCIES)