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Defence Acquisition Council clears over ₹84,000 crore proposals

Of the 24 capital acquisition proposals, six are for Indian Army, six for Indian Air Force, 10 for Indian Navy and two for Indian Coast Guard.

NEW DELHI: According to the defence ministry, India on Thursday approved defence projects worth 84,328 crore to upgrade its armed forces' combat capabilities with new military equipment, such as light tanks, futuristic infantry combat vehicles (FICVs), mounted gun systems, missiles, and bombs.

The defence ministry announced in a statement that the defence acquisition council (DAC), India's top procurement agency, had given 24 capital acquisition proposals for the three services and the Indian Coast Guard its acceptance of need (AoN). Of them, 21 plans totaling 82,127 crore are related to future purchases from domestic suppliers, which is viewed as a boost for the nation's effort for self-reliance.