Defence Acquisition Council to fast-track key procurements
pre-market1 source ↓written by the desknot a recommendation
- to expedite critical
- 26 Dec 2023
The Defence Acquisition Council (DAC) will convene on 26 Dec 2023 to expedite critical procurement proposals, including emergency missile purchases. Chaired by Defence Minister Rajnath Singh, the meeting aims to enhance operational readiness amid evolving security challenges. The Navy's urgent need for Medium Range Surface-to-Air Missiles (MR-SAM) will be a key agenda item, with projected requirements running into several hundred units.
This meeting may positively impact defence sector sentiment as approvals for large contracts could follow.
Not investment advice. For informational purposes only.