India approves defence acquisitions worth ₹3.60 lakh crore

India's Defence Acquisition Council approved capital acquisition proposals totaling ₹3.60 lakh crore to enhance military readiness. Key approvals include Multi Role Fighter Aircraft (MRFA) for the IAF, combat missiles, and an Air-Ship Based High Altitude Pseudo Satellite (AS-HAPS). Most aircraft will be manufactured domestically, boosting local defense capabilities.

This move is expected to significantly strengthen India's defense sector and may enhance investor sentiment in related industries.

Not investment advice. For informational purposes only.