New Delhi, Feb. 29 -- The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh on 30 November 2023, accorded approval in respect of Acceptance of Necessity (AoNs) for various Capital Acquisition Proposals amounting to Rs 2.23 lakh crore, of which, acquisition worth Rs 2.20 lakh crore (98% of total AoN amount) will be sourced from domestic industries. This will give a substantial boost to the Indian defence industry towards the aim of achieving the goal of 'Aatmanirbharta'.
The DAC has accorded the AoN for procurement of two types of anti-tank munitions namely, Area Denial Munition (ADM) Type-2 and Type-3, which are capable of neutralising tanks and armoured personnel carriers and enemy personnel. To repl...