Jaitley chairs his first DAC meeting, defence acquisition push moves ahead

| Updated: Apr 04, 2017 01:45 IST

New Delhi [India], Apr. 3 (ANI): Defence Minister Arun Jaitley on Monday chaired a Defence Acquisition Council (DAC) meeting and took stock of the various proposals directed towards close monitoring and expeditious clearance of pending capital acquisitions cases, particularly those at the CFA and CNC stages. The DAC approved Capital Acquisition Proposals totalling over Rs. 860 crore. The important proposals approved by the DAC included: -Procurement of Expendable Bathy Thermograph Systems for the Indian Navy with a categorisation of Buy Global under the FMS Route from USA -Procurement of equipment to counter mines in the sea. The equipment is being procurred as a repeat order with Buy Global Categorisation at a cost of approximately Rs. 311 crore -Procurement of Barak Missiles for Naval Warships with a categorisation of Buy Global under the Option Clause from M/s Rafael Advance Defence Systems Limited In addition to the above grant of Acceptance of Necessity (AoNs), the DAC also reviewed several old proposals and gave instructions for the speedy processing of the proposals. This was Jaitley's first DAC meeting as defence minister since he took over the additional charge of the ministry on March 13. (ANI)