Agent_47
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India's Ministry of Defence (MoD) approved procurements worth INR310 billion (USD4.62 billion) on 18 August and is poised to sign contracts for some of them following clearance by the Cabinet Committee on Security (CCS).
Officials said the MoD's Defence Acquisition Council (DAC), headed by Defence Minister Manohar Parrikar, reviewed 10 major acquisitions worth INR160 billion, which had been pending since May.
Six of these were being forwarded for consent to the CCS, headed by Prime Minister Narendra Modi, after which they would be concluded, the officials added without elaborating.
Military sources told IHS Jane's the acquisitions largely comprise indigenous equipment such as Pinaka multibarrel rocket launchers, the K-9 Vajra (Thunderbolt), which is a Larsen & Toubro-modified version of the Hanwha Techwin 155 mm/52-calibre K9 Thunder self-propelled howitzer, and upgraded Dhanush FH-77B 155 mm/45-calibre towed howitzers for the Indian Army (IA).
http://www.janes.com/article/63152/india-s-mod-clears-acquisitions-worth-usd4-62-billion
Officials said the MoD's Defence Acquisition Council (DAC), headed by Defence Minister Manohar Parrikar, reviewed 10 major acquisitions worth INR160 billion, which had been pending since May.
Six of these were being forwarded for consent to the CCS, headed by Prime Minister Narendra Modi, after which they would be concluded, the officials added without elaborating.
Military sources told IHS Jane's the acquisitions largely comprise indigenous equipment such as Pinaka multibarrel rocket launchers, the K-9 Vajra (Thunderbolt), which is a Larsen & Toubro-modified version of the Hanwha Techwin 155 mm/52-calibre K9 Thunder self-propelled howitzer, and upgraded Dhanush FH-77B 155 mm/45-calibre towed howitzers for the Indian Army (IA).
http://www.janes.com/article/63152/india-s-mod-clears-acquisitions-worth-usd4-62-billion
