Defence Ministry to approve major Navy, Army projects worth over Rs 1 trn

The defence ministry on Tuesday approved the procurement of future-ready combat vehicles (FRCVs) for modernisation of the Army's tank fleet and air defence fire control radars, among other proposals.

The proposals were cleared by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.

The DAC "accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore," the ministry said in a statement.