Defence boost: Govt clears mega Rs 2.12 lakh crore acquisition deal; who gets what

On October 26, the Defence Acquisition Council has given the green light for a substantial military funding initiative totaling Rs 2.12 lakh crore. The focus lies on enhancing the capabilities of the Indian Army, Navy, and Air Force. Notably, about 82 percent of these procurements are anticipated to be sourced from domestic producers, thereby fostering local manufacturing. On October 26, the Defence Acquisition Council has given the green light for a substantial military funding initiative totaling Rs 2.12 lakh crore. The focus lies on enhancing the capabilities of the Indian Army, Navy, and Air Force. Notably, about 82 percent of these procurements are anticipated to be sourced from domestic producers, thereby fostering local manufacturing.