Wednesday, June 23, 2021

DAC approves proposals concerning Capital Acquisitions of various equipment for Indian Armed Forces amounting to approx Rs 6800 crore

The Defence Acquisition Council, DAC in its meeting chaired by Defence Minister Rajnath Singh today approved proposals concerning Capital Acquisitions of various equipment for modernization and operational needs of the Indian Armed Forces amounting to approximately Rs 6800 crore.

The DAC also approved the issue of Request for Proposal RFP for construction of six Conventional Submarines under Project P 75 (I) under the Strategic Partnership Model. This project envisages indigenous construction of six conventional submarines at an estimated cost of Rs 43,000 crore. This is a landmark approval, being the first case processed under the Strategic Partnership model. This would be one of the largest Make in India projects and it will create a tiered industrial ecosystem for submarine construction in India. With this approval, India will be enabled to achieve its 30 year Submarine construction programme envisioned by the Government to acquire national competence in submarine construction and for the Indian industry to independently design and construct submarines in India.

The Defence Ministry said, the availability of new technologies and advanced manufacturing capabilities to Indian Industry will be an important step towards enhancing the nation’s quest for self reliance in modern conventional submarine construction and create direct and indirect job opportunities in India. This project provides a unique long-term opportunity and planning certainty for Indian industry to invest and support submarine construction. It will also infuse the latest technology for submarines in India through strategic tie up between Indian Industry and leading foreign original equipment manufacturers OEMs.

There was a long pending need of the Indian Army for modernisation of its Air Defence guns. These had been earlier procured only from foreign sources. With the continued thrust of the Ministry of Defence towards ÁtmaNirbhar Bharat and Make in India, an enthusiastic response from about a dozen Indian companies was received. All of them have expressed their willingness and commitment to manufacture this complex gun system and associated equipment by ensuring technology assimilation in India. Accordingly, the DAC accorded approval of procurement of Air Defence Guns and Ammunition at an approximate cost of Rs 6000 crore under the Buy and Make (Indian) category.

Further to better equip the Armed Forces to meet the operational challenges and facilitate faster induction of required arms and ammunition, the DAC extended the timelines for progressing urgent Capital Acquisitions under the delegated powers to the Armed Forces up to 31st August 2021. This will enable the Armed Forces to complete their emergent and critical acquisitions.

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