The Defence Acquisition Council (DAC), in a landmark decision today, approved procurement of 111 Utility Helicopters for the Indian Navy at a cost of over Rs. 21,000 crores. This is the first project under the MoD’s prestigious Strategic Partnership (SP) Model that aims at providing a significant fillip to the[Read More…]
Tag: DAC
Defence ministry confirms private investment policy in military platforms
On Saturday, Defence Acquisition Council (DAC) confirmed the much-anticipated policy under which selected private firms will be included to build military platforms like submarines and fighter jets in India in partnership with foreign entities. This decision is viewed as a major initiative that aims to create a better defence manufacturing[Read More…]