India on Thursday approved the purchase of indigenously developed military equipment worth Rs 70,584 crore, which is expected to give a big boost to domestic defence manufacturing.
Officials said the Defense Acquisition Council (DAC) headed by Defense Minister Rajnath Singh approved the procurement proposals.
New procurement proposals have been cleared amid the nearly three-year standoff with China on the Line of Actual Control in eastern Ladakh region.
The DAC approved ‘Acceptance of Necessity’ (AoN) worth Rs 70,584 crore for procurement of military equipment, under which all purchases would be made under the ‘Indigenously Designed, Developed and Manufactured’ category.
Defence Minister Rajnath Singh’s office tweeted, “Indigenous procurement of this magnitude will not only propel Indian industries towards achieving the goal of ‘Self-reliant India’, but will also substantially reduce India’s dependence on foreign vendors.”