Today CDS Gen Bipin Rawat attended his first Defence Acquisition Council meeting headed by Defence Minister. Meeting cleared short listing of Indian&foreign companies for Navy’s over Rs 50,000 cr P-75 India project under which 6 conventional submarines to be built in the country.
Ministry of Defence: Defence Acquisition Council (DAC) headed by Defence Min Rajnath Singh, in its 1st meeting of 2020&after constitution of CDS, met today to consider a number of new&ongoing proposals for procuring critically needed platforms&equipment for Armed Forces.
▪️CDS will administer tri-services organisations. Tri-service agencies/organisations/commands related to Cyber and Space will be under the command of the CDS ▪️CDS will be member of Defence Acquisition Council chaired by Raksha Mantri and Defence Planning Committee chaired by NSA
The IAF is expected to seek approval of the Defence Acquisition Council for the deal in the next few months
Documents available to The Hindu reveal that the Defence Acquisition Council chaired by the then Defence Minister met in September 2016, and “ratified and approved” eight changes in the IGA, supply protocols, offset contracts and offset schedules
Defence Sources: In the Defence Acquisition Council meeting today, projects worth Rs 2355 crores were approved including multimode grenades and fire control systems for the Teg, Talwar and Saryu class of warships
Def Min on #Rafale offset policy in LS,earlier today:As per offset guidelines,defence acquisition council may prescribe varying offset obligations.Accordingly, offset obligation of 50% was prescribed for .If you buy for Rs.100,you have to invest or procure Rs.50 from India
The Defence Acquisition Council (DAC) approved procurement for the Services amounting to approximately Rs. 46,000 crores. today. Out of the total amount, over Rs.21,000 crores will be used to procure 111 Utility Helicopters for the Navy.
Defence Acquisition Council clears for Army- Six 'Pinaka' regiments worth 14,600 crore. 571 bulletproof vehicles worth 310 crores