DefenceAfter close
Indian Defence Council approves ₹79,000 crore procurement package
after close1 source ↓written by the desknot a recommendation
- procurement package
- ₹79,000 crore
The Indian Defence Acquisition Council approved a ₹79,000 crore procurement package on 23 October, aimed at modernizing military capabilities. Key acquisitions include the Nag Missile System, Ground-Based Mobile ELINT System, and High Mobility Vehicles, enhancing the Army's lethality and logistics. This move may boost sentiment in the defence sector.
• Acceptance of Necessity granted for critical Army systems
• Focus on improving combat readiness and electronic intelligence
• Navy to enhance firepower with new Landing Platform Docks
Not investment advice. For informational purposes only.