14 May 2012

India: India clears procurement projects of over 7000 cr

M-777

NEW DELHI (PTI): Speeding up the military modernisation process, the Defence Ministry has cleared procurement projects worth over Rs 7,000 crore including the long-pending acquisition of 145 Ultra Light Howitzers from the US under a Rs 3,000-crore deal.

The decision to go ahead with the procurement of 145 M777 howitzers from the US under the Foreign Military Sales (FMS) route and several other items was taken at a meeting of the Defence Acquisition Council (DAC) headed by Defence Minister A K Antony.

The DAC also cleared a proposal to procure over 65 radars for the L-70 air defence guns which will be worth over Rs 3,000 crore, Defence Ministry sources told PTI Friday.

Read the full story at Brahmand