V
V.Balasubramani
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[h=1]Rs 80,000 crore worth defence projects cleared, 6 submarines to be built in India[/h]NEW DELHI: Defence projects worth a whopping Rs 80,000 crore were on Saturday cleared by the government which decided that six submarines will be made indigenously and over 8,000 Israeli antitank guided missiles and 12 upgraded Dornier surveillance aircraft will be purchased.
The decisions were taken following a meeting of the defence acquisition council, chaired by defence minister Arun Jaitley, that lasted for over two hours with defence secretary, the chiefs of all three services, DRDO chief and other senior officials attending it.
The bulk of the decisions went in favour of the Navy that was in dire need of up-gradation and capability enhancement.
The big ticket step was the decision to build six submarines in India at a cost of about Rs 50,000 crore rather than source it from outside.
The other major decision was to purchase 8,356 antitank guided missile of Israel worth Rs 3,200 crore rather than the US' Javelin missile for the Indian Army. The Army will also purchase 321 launchers for the missile.
Read more: Rs 80,000 crore worth defence projects cleared, 6 submarines to be built in India - The Times of India
The decisions were taken following a meeting of the defence acquisition council, chaired by defence minister Arun Jaitley, that lasted for over two hours with defence secretary, the chiefs of all three services, DRDO chief and other senior officials attending it.
The bulk of the decisions went in favour of the Navy that was in dire need of up-gradation and capability enhancement.
The big ticket step was the decision to build six submarines in India at a cost of about Rs 50,000 crore rather than source it from outside.
The other major decision was to purchase 8,356 antitank guided missile of Israel worth Rs 3,200 crore rather than the US' Javelin missile for the Indian Army. The Army will also purchase 321 launchers for the missile.
Read more: Rs 80,000 crore worth defence projects cleared, 6 submarines to be built in India - The Times of India
