NEW DELHI (PTI): The Defence Ministry has deferred decisions on four major deals expected to be worth over Rs 40,000 crore even as it approved another set of proposals worth over Rs 13,000 crore for procuring weapon systems for the armed forces.
At the meeting of the Defence Acquisition Council (DAC) headed by Defence Minister AK Antony, the Ministry on Monday deferred decisions on projects including procurement of 145 Ultra Light Howitzers for the Army, amphibious warship vessels worth over Rs 20,000 crore and multi-role helicopters worth over Rs 6,000 crore for the Navy, Defence Ministry officials said.
The decision on a deal to procure 56 transport aircraft for the IAF has also been deferred as the Ministry felt that there was a need for further deliberations on the issue, they said.
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