The Defence Ministry on Thursday approved procurement of defence equipment, including two dozen fighter jets, worth Rs 38,900 crore to strengthen the Indian Armed Forces.
The decision was taken at a meeting of the Defence Acquisition Council (DAC) which met under the Chairmanship of Defence Minister Rajnath Singh on Thursday. and accorded approval for capital acquisitions of various platforms and equipment required by the Indian Armed Forces.
Proposals to procure various platforms and equipment required by the armed forces were approved for an approximate cost of Rs 38,900 crore, the ministry said.
Pinaka ammunitions: The acquisition of Pinaka missile systems will enable raising additional regiments over and above the ones already inducted.
Long-Range Land Attack Cruise Missile Systems: The addition of Long-Range Land Attack Missile Systems having a firing range of 1,000 Km to the existing arsenal will bolster the attack capabilities of the Indian Navy and the Indian Air Force.