NEW DELHI: The Defence Acquisition Council (DAC) on Thursday approved the proposal for procurement of 21 MIG-29 along with upgradation of existing 59 Mig-29 aircraft and procurement of 12 Su-30 MKI aircraft from Russia. While the MIG 29 procurement and upgradation from Russia is estimated to cost Rs 7418 crore, the Su-30 MKI will be procured from HAL at an estimated cost of Rs 10730 crore, the Defence Ministry said in a statement. “In the current situation and the need to strengthen the Armed Forces for the Defence of our borders and in line with Prime Minister’s clarion call for ‘Atma Nirbhar Bharat’, the Defence Acquisition Council in its meeting of July 2, 2020, held under the Chairmanship of Defence Minister Rajnath Singh accorded approval for capital acquisitions of various platforms and equipment required by the Indian Armed Forces,” the statement said. ”The proposals for an approximate cost of Rs 38900 Cr were approved. With a focus on indigenous design and development, these approvals include acquisitions from Indian Industry of Rs 31130 Cr. All equipment are to be manufactured in India involving the Defence Industry with the participation of several MSMEs as prime-tier vendors. The Indigenous content in some of these… Read full this story
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