Rs.76,000 crore to be spent by the Government of India for modernization of its military

In a bid to reduce India’s dependence on foreign imports and boost the indigenous defense industry, the Defence Acquisition Council(DAC) has approved projects worth Rs.76390 crore.

The list of approved projects is as follows

1. Indian Army to procure Rough Terrain Fork Lift Trucks(RTFLTs),Bridge Laying Tanks(BLTs), Wheeled Armoured Fighting Vehicles with Anti-Tank Guided Missiles(Wh AFVs), and Weapon Locating Radars(WLRs).
2. Indian Navy to procure Next Generation Corvettes(NGC).
3. Hindustan Aeronautics for the manufacture of Dornier aircraft and Su-30 MKI aero-engines.
4. The Digital Coast Guard project.