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India's Defence Ministry has approved proposals and projects worth Rs 49,000 crores for its armed forces mordernisation on Friday. The Defence Acquisition Council (DAC), in its meeting led by Indian Defence Minister Rajnath Singh on June 04, 2021,has approved proposals concerning Capital Acquisitions of various equipment for modernisation and operational needs of the Armed Forces amounting to approximately Rs 6,000 crore. In addition, the acquisition council also approved issue of Request for proposal for construction of six Conventional Submarines under Project P 75 (I) under the Strategic Partnership (SP) Model. This project envisages indigenous construction of six conventional submarines equipped with the state-of-the-art Air Independent Propulsion system at an estimated cost of Rs 43,000 crore.
- Defence Acquisition Council, headed by Indian Defence Minister Rajnath Singh, approves RFP for construction of six submarines at approx cost of Rs 43,000 crore
- First such acquisition under Strategic Partnership model to give a big boost to Make in India
- DAC also approves Air Defence guns and ammunition for Army worth Rs 6,000 crore