Who: Defence Acquisition Council
What: Cleared military projects worth over 12000 crore rupees
When: 29 October 2015
The Defence Acquisition Council (DAC) presided by Defence Minister Manohar Parrikar on 29 October 2015 cleared new military modernisation proposals worth over 12000 crore rupees.
The proposals include the acquisition of two additional regiments of the indigenous Pinaka multiple-launch rocket systems to the upgrade of 26 Ilyushin transport aircraft by Russia.
The DAC also modified the Acceptance of Necessity (AoN) granted for the production of 363 BMP-II infantry combat vehicles by the Ordnance Factory Board under licence from Russia at a cost of 1800 crore rupees. The amended AoN is currently for the acquisition of 149 BMP-IIs at a cost of 924 crore rupees for the Army.
In addition, two more Pinaka MLRS regiments for the Army at a cost of 3306 crore rupees were cleared by the DAC. The Pinaka MLRS, which comes with a strike range of 40-km, is manufactured by the Tatas and L&T based on technology developed by DRDO.
The DAC also extended AoN for the long-pending 1500 crore rupees project to purchase two deep-submergence rescue vessels (DSRVs).
Besides, the council granted 1800 crore rupees for digitization of 25 firing units of the Pechora surface-to-air missile system.