13 November 2013

News Story: (Indian) Def Ministry clears Rs 5,000 crore acquisition proposals


NEW DELHI (PTI): India's Defence Ministry on Monday cleared proposals worth over Rs 5,000 crore for procuring equipment including night vision devices for infantry soldiers and rockets but deferred decisions on buying anti-tank and anti-ship missiles from an Israeli firm facing a CBI probe.

The Defence Acquisition Council (DAC) headed by Defence Minister A K Antony was supposed to take a call on procuring Barak air defence missiles and Spike third generation anti- tank guided missiles from Israeli firm Rafael under projects worth over Rs 15,000 crore together.

On the Barak missiles, which were to be deployed onboard the country's lone aircraft carrier INS Viraat, the Defence Ministry has formed an independent committee to take a final call on whether the air defence system can be procured in view of the probe against it, Defence Ministry officials said.

Read the full story at Brahmand