New Delhi: In what is being considered a big decision, the Ministry of Defence (MoD) today gave its approval to acquisition of 111 Utility Helicopters for the Navy at a cost of over Rs 21,000 crore. The MoD also approved separate procurement proposals worth nearly Rs 25,000 crore.
A meeting of the Defence Acquisition Council the ministry’s highest decision-making body on procurement, cleared the proposals.
Significantly, the procurement of the naval utility helicopters will be the first project under the ambitious strategic partnership (SP) model which provides for roping in private firm to build select military platforms in India in partnership with foreign defence manufacturers.
“The DAC, in a landmark decision today, approved procurement of 111 Utility Helicopters for the Indian Navy at a cost of over Rs 21,000 crore,” the Defence Ministry said.
The utility helicopters will be used in attack missions as well as for search and rescue and surveillance operations.
The ministry said the DAC also granted approval to a few other procurement proposals amounting to Rs 24,879.16 crore, which included one on buying 150 indigenously designed and developed 155 mm advanced towed artillery gun systems for the Indian Army at an approximate cost of Rs 3,364.78 crore.
The post Modi Govt Approves Procurement of 111 helicopters for Navy appeared first on NewsroomPost.
This post first appeared on Latest India News, Breaking News Headlines | NewsroomPost, please read the originial post: here