DAC approves proposals worth ₹2.38 lakh crore
pre-market1 source ↓written by the desknot a recommendation
The Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, approved proposals worth ₹2.38 lakh crore on 27 Mar 2023. This decision aims to streamline defence procurement procedures and enhance timely delivery of equipment to the armed forces.
This significant approval may boost sentiment in the defence sector and related industries, as it signals increased government spending on national security and modernization efforts.
Not investment advice. For informational purposes only.