Government

India-Israel Discuss Improving Defence Cooperation

Raksha Mantri Shri Rajnath Singh held a bilateral meeting with Defence Minister of Israel Mr Benjamin Gantz in New Delhi on June 02, 2022. A wide range of issues concerning bilateral, regional and defence industrial cooperation were discussed during the meeting. The two Ministers reviewed the existing military-to-military activities which have increased despite the challenges due to COVID-19 pandemic. They discussed ways to increase cooperation in all domains with a focus on Research & Development in future technologies and defence co-production.

MoD uses 65.50 per cent of Capital Budget on domestic buy

Ministry of Defence (MoD) had earmarked 64 per cent of Capital Acquisition Budget for domestic industry in Financial Year (FY) 2021-22. At the end of FY 2021-22, MoD has been able to over achieve this target and has utilised 65.50 per cent of Capital Acquisition Budget on indigenous procurements through Indian Industry to achieve Prime Minister Shri Narendra Modi’s vision of 'Aatmanirbhar Bharat'. Further, as per preliminary expenditure report of March 2022, MoD has been able to utilise 99.50 per cent of the Defence Services Budget in FY 2021-22.

DAC Approves Proposals worth 8,357 cr

The Defence Acquisition Council (DAC), in its meeting of 22nd March 2022 held under the Chairmanship of Raksha Mantri Shri Rajnath Singh, accorded Acceptance of Necessity (AoN) for Capital Acquisition proposals of Armed Forces amounting to Rs 8,357 crore. As an impetus to ‘Aatmanirbhar Bharat’, all of these proposals have been approved under ‘Buy (Indian IDDM)’ category with focus on indigenous design & development and manufacturing in India.

DAC Approves Light Tank under Make1

In a major boost to Prime Minister Shri Narendra Modi’s clarion call for ‘Aatmanirbharta’, Ministry of Defence (MoD), in a landmark step, has offered four projects to the Indian Industry for design & development under Make-I category of Defence Acquisition Procedure (DAP) 2020. The industry will be provided financial support for prototype development of these projects. The list of projects which were accorded ‘Approval In-Principle (AIP)’ by Collegiate Committee of MoD is as follow: