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	<title>Capital Acquisition | IMR</title>
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	<title>Capital Acquisition | IMR</title>
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		<title>Government clears Rs 85,000 cr for Zorawar light tanks, guided missiles</title>
		<link>https://imrmedia.in/government-clears-rs-85000-cr-for-zorawar-light-tanks-guided-missiles/</link>
					<comments>https://imrmedia.in/government-clears-rs-85000-cr-for-zorawar-light-tanks-guided-missiles/#respond</comments>
		
		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Thu, 22 Dec 2022 05:29:39 +0000</pubDate>
				<category><![CDATA[Daily Defence News]]></category>
		<category><![CDATA[Aatmanirbhar Bharat]]></category>
		<category><![CDATA[Acceptance of Necessity]]></category>
		<category><![CDATA[advanced ammunition]]></category>
		<category><![CDATA[AoN]]></category>
		<category><![CDATA[ballistic helmets]]></category>
		<category><![CDATA[Capital Acquisition]]></category>
		<category><![CDATA[DAC]]></category>
		<category><![CDATA[Defence Acquisition Council]]></category>
		<category><![CDATA[futuristic infantry combat vehicles]]></category>
		<category><![CDATA[guided missiles]]></category>
		<category><![CDATA[Indian coast guard]]></category>
		<category><![CDATA[Light tanks]]></category>
		<category><![CDATA[Mounted Gun System]]></category>
		<category><![CDATA[Zorawar light tank]]></category>
		<guid isPermaLink="false">https://imrmedia.in/?p=15096</guid>

					<description><![CDATA[<p>Keeping in mind the two-front war between China and Pakistan as well as the threat emanating from sea-route, the government cleared, on 22 December, a whopping Rs 85,000 crore for the procurement of advanced ammunition and technologies for enhancing the army&#8217;s capabilities. The Defence Acquisition Council (DAC) of the defence ministry accorded the approval for [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/government-clears-rs-85000-cr-for-zorawar-light-tanks-guided-missiles/">Government clears Rs 85,000 cr for Zorawar light tanks, guided missiles</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Keeping in mind the two-front war between China and Pakistan as well as the threat emanating from sea-route, the government cleared, on 22 December, a whopping Rs 85,000 crore for the procurement of advanced ammunition and technologies for enhancing the army&#8217;s capabilities.</p>



<p class="wp-block-paragraph">The Defence Acquisition Council (DAC) of the defence ministry accorded the approval for Acceptance of Necessity (AoN) for 24 Capital Acquisition Proposals.</p>



<p class="wp-block-paragraph">Ministry of Defence said in a series of tweets, &#8220;These proposals include six for Indian Army, six for IAF, 10 for Indian Navy and two proposals for Indian Coast Guard for a total value of Rs 84,328 crores. It is pertinent to mention that 21 proposals, worth Rs 82,127 crores (97.4%), are approved for procurement from indigenous sources.&#8221;</p>



<p class="wp-block-paragraph">The defence ministry said this unprecedented initiative of the DAC will not only modernize the Indian Armed Forces but also provide a substantial boost to the Indian Defence Industry towards the goal of Aatmanirbhar Bharat.</p>



<p class="wp-block-paragraph">&#8220;AoNs accorded will equip the Indian Army with platforms and equipment such as Futuristic Infantry Combat Vehicles, Light Tanks and Mounted Gun System providing a quantum jump to Indian Army’s operational preparedness. Proposals approved also include procurement of Ballistic Helmets, with enhanced protection level, for our soldiers,&#8221; said the ministry.</p>



<p class="wp-block-paragraph">The ministry said that the approvals accorded for the procurement of Naval Anti-Ship Missiles, Multi-Purpose Vessels and High Endurance Autonomous Vehicles will further enhance maritime strength giving a boost to the Indian Navy’s capabilities.</p>



<p class="wp-block-paragraph">&#8220;The Indian Air Force will be further strengthened with enhanced lethal capabilities by induction of a new range of missile system, Long Range Guided Bombs, Range Augmentation Kit for conventional bombs and advanced surveillance systems. The procurement of Next Generation Offshore Patrol Vessels for the Indian Coast Guard will enhance surveillance capability in the coastal areas to new heights,&#8221; said the ministry.</p>



<p class="wp-block-paragraph">The induction and procurement of these weapons will give India an edge against China and Pakistan in the rough terrain.</p>
<p>The post <a href="https://imrmedia.in/government-clears-rs-85000-cr-for-zorawar-light-tanks-guided-missiles/">Government clears Rs 85,000 cr for Zorawar light tanks, guided missiles</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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			</item>
		<item>
		<title>Corvettes, Su-30 engines—Rs 76,390-crore procurement boost to Indian industry</title>
		<link>https://imrmedia.in/rs-76390-crore-procurement-boost-to-indian-industry/</link>
					<comments>https://imrmedia.in/rs-76390-crore-procurement-boost-to-indian-industry/#respond</comments>
		
		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Tue, 07 Jun 2022 05:15:00 +0000</pubDate>
				<category><![CDATA[Daily Defence News]]></category>
		<category><![CDATA[Aatmanirbharta]]></category>
		<category><![CDATA[Acceptance of Necessity]]></category>
		<category><![CDATA[aero engines]]></category>
		<category><![CDATA[AoN]]></category>
		<category><![CDATA[armoured fighting vehicles]]></category>
		<category><![CDATA[bridge laying tank]]></category>
		<category><![CDATA[Buy & Make Indian]]></category>
		<category><![CDATA[Buy Indian]]></category>
		<category><![CDATA[Capital Acquisition]]></category>
		<category><![CDATA[corvettes]]></category>
		<category><![CDATA[DAC]]></category>
		<category><![CDATA[Defence Acquisition Council]]></category>
		<category><![CDATA[defense news]]></category>
		<category><![CDATA[IDDM]]></category>
		<category><![CDATA[indian air force]]></category>
		<category><![CDATA[Indian Army]]></category>
		<category><![CDATA[Next Generation Corvettes]]></category>
		<category><![CDATA[NGC]]></category>
		<category><![CDATA[Su-30 MKI]]></category>
		<guid isPermaLink="false">https://imrmedia.in/?p=13403</guid>

					<description><![CDATA[<p>To provide a boost to the Indian defence industry and “reduce foreign spending significantly,” the Defence Acquisition Council (DAC) has approved proposals for the procurement of military equipment and platforms including eight next generation corvettes for the Indian Navy, wheeled armoured fighting vehicles and bridge laying tanks for the Indian Army, and manufacture of aero-engines [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/rs-76390-crore-procurement-boost-to-indian-industry/">Corvettes, Su-30 engines—Rs 76,390-crore procurement boost to Indian industry</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">To provide a boost to the Indian defence industry and “reduce foreign spending significantly,” the Defence Acquisition Council (DAC) has approved proposals for the procurement of military equipment and platforms including eight next generation corvettes for the Indian Navy, wheeled armoured fighting vehicles and bridge laying tanks for the Indian Army, and manufacture of aero-engines for the Su-30 MKI fighter aircraft of the Indian Air Force.</p>



<p class="wp-block-paragraph">In a statement 0n 6 June, the Ministry of Defence said the DAC, at a meeting chaired by Defence Minister Rajnath Singh, “accorded Acceptance of Necessity (AoN) for Capital Acquisition Proposals of the Armed Forces amounting to Rs 76,390 crore under ‘Buy (Indian)’, ‘Buy &amp; Make (Indian)’ and ‘Buy (Indian-IDDM)’ categories”. This, it said, follows Prime Minister Narendra Modi’s “clarion call for ‘Aatmanirbharta’.”</p>



<p class="wp-block-paragraph">The planned next generation corvettes will be the first time that the warships will be designed entirely by the Navy’s Directorate of Naval Design and executed by an Indian shipyard through a competitive bid — this means that the private industry will also be allowed to bid, unlike earlier when a shipyard was nominated. The new warships will eventually replace the Khukri and Kora class corvettes.</p>



<p class="wp-block-paragraph">“For the Indian Navy, the DAC accorded AoN for procurement of Next Generation Corvettes (NGC) at an estimated cost of approx. Rs 36,000 crore. These NGCs will be versatile platforms for a variety of roles viz. surveillance missions, escort operations, deterrence, Surface Action Group (SAG) operations, Search &amp; Attack and Coastal Defence. These NGCs would be constructed based on the new in-house design of the Indian Navy using the latest technology of ship building and would contribute to further the Government’s initiative of SAGAR (Security and Growth for All in the Region),” the Ministry said.</p>



<p class="wp-block-paragraph">“For the Indian Army, the DAC accorded fresh AoNs for procurement of Rough Terrain Fork Lift Trucks (RTFLTs), Bridge Laying Tanks (BLTs), Wheeled Armoured Fighting Vehicles (Wh AFVs) with Anti-Tank Guided Missiles (ATGMs) and Weapon Locating Radars (WLRs) through domestic sources with emphasis on indigenous design and development,” it said.</p>



<p class="wp-block-paragraph">“The DAC accorded AoNs for manufacture of Dornier aircraft and Su-30 MKI aero-engines by the Navratna CPSE M/s Hindustan Aeronautics Limited with focus on enhancing indigenisation, particularly in indigenising aero-engine material,” the Ministry said.</p>



<p class="wp-block-paragraph">“In pursuance of the Government’s vision for digital transformation in Defence, ‘Digital Coast Guard’ project under ‘Buy (Indian)’ Category has been approved by the DAC. Under this project, a pan India secure network for digitising of various surface and aviation operations, logistics, finance and HR processes in Coast Guard will be established,” it said.</p>
<p>The post <a href="https://imrmedia.in/rs-76390-crore-procurement-boost-to-indian-industry/">Corvettes, Su-30 engines—Rs 76,390-crore procurement boost to Indian industry</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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