26 July 2013

News Story: (Indian) Def Min nod to Rs 4,000 cr acquisition proposals for services

CGI of India's Indigenous Aircraft Carrier (File Photo)

NEW DELHI (PTI): Defence Ministry on Wednesday cleared acquisition proposals worth around Rs 4,000 crore for armed forces, including procurement of French-origin Milan 2T anti-tank missiles for the Indian Army to do away with shortage of such weapons in the force.

A meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister A K Antony on Wednesday also sanctioned an additional Rs 300 crore for Navy's long-delayed Indigenous Aircraft Carrier (IAC), under construction at the Cochin Shipyard Limited, sources told PTI here.

For the Indian Air Force, the DAC approved procurement of two more Aerostat radars worth over Rs 1,000 crore for keeping an eye on the enemy activities deep inside its territory, they said.

Read the full story at Brahmand