DAC Approves Indigenous Construction of 6 Submarines Worth Rs40000 cr

The Defence Acquisitions Council, DAC chaired by Defence Minister Nirmala Sitharaman approved indigenous construction of six submarines worth 40 thousand crore rupees. It is the second project under the Ministry’s ambitious strategic partnership model aiming to boost the government’s Make in India’ program.

The first project to get the government’s nod for implementation under the new model was the acquisition of 111 utility helicopters for the Navy at a cost of over 21 thousand crore rupees in August last year. DAC has also approved the acquisition of about five thousand MILAN Anti Tank Guided Missiles for the Army.

Source- DD News

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