Defence Minister clears ₹2.38 lakh crore proposals for military enhancement
pre-market1 source ↓written by the desknot a recommendation
The Defence Acquisition Council approved proposals worth ₹2.38 lakh crore to enhance India's defence capabilities. This includes 55 proposals totaling ₹6.73 lakh crore for FY 2025-26, marking a record for Acceptance of Necessity and capital contracts signed.
Key approvals include systems for the Indian Army such as the Dhanush Gun System and Air Defence Tracked System, aimed at improving artillery and air defence capabilities. This significant funding may boost sentiment in the defence sector.
Not investment advice. For informational purposes only.