Defence Ministry approves 10 capital acquisition proposals worth Rs 1.45 lakh crore including for futuristic tank ...Middle East

New Delhi:  In a huge boost to local defence manufacturing, the Centre on Tuesday approved 10 capital acquisition proposals amounting to Rs 1,44,716 crore, including for the modernisation of the Indian Army’s tank fleet with a futuristic Main Battle Tank. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. Of the total cost, 99 per cent is from indigenous sources under the ‘Buy (Indian)’ and ‘Buy (Indian-indigenously designed, developed and manufactured)’ categories, the ministry said in a statement. The move clears the path for the procurement of future-

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