Proposals for purchasing defence equipments with an approximate cost of Rs 38,900 Cr were approved by Defence Acquisition Council (DAC) on Thursday. India has approved procurement of 21 MIG-29 and 12 Su-30 MKI aircrafts from Russia amidst tension with China.
In the current situation, the need to strengthen the Armed Forces for the Defence of our borders is very important. The Defence Acquisition Council (DAC) in its meeting of 2nd July 2020 held under the Chairmanship of Defence Minister Rajnath Singh accorded approval for Capital acquisitions of various platforms and equipments required by the Indian Armed Forces.
In order to maintain squadron strength of Air Force the DAC approved the proposal for procurement of 21 MIG-29 along with upgradation of existing 59 Mig-29 aircrafts and procurement of 12 Su-30 MKI aircrafts.
The approval include 31,130 Cr. for the procurement of indigenous design and developed defence equipments from Indian industry.
These indegenous equipments include Pinaka ammunitions, BMP armament upgrades and Software Defined Radios for the Army, Long Range Land Attack Cruise Missile Systems and Astra Missiles for Navy and Air Force.
The cost of these Design and Development proposals is in the range of Rs 20,400 cr Acquisition of new/additional missile systems will add to the fire power of three Services. While acquisition of Pinaka missile systems will enable raising additional regiments over and above the ones already inducted, addition of Long Range Land Attack Missile Systems having a firing range of 1000 Km to the existing arsenal will bolster the attack capabilities of the Navy and the Air Force. Similarly induction of Astra Missiles having Beyond Visual Range capability will serve as a force multiplier and immensely add to the strike capability of Navy and Air Force.