Defence Acquisition Council (DAC) has entrusted capital procurement powers to Armed Forces. The decision was taken during the Special Meeting of the Defence Acquisition Council held under the chairmanship of Raksha Mantri Rajnath Singh. With this, the Armed Forces will now be able to progress urgent Capital Acquisition Cases upto Rs 300 crores to fulfil their emergent operational requirements.
The new powers to the Armed Forces will decrease the procurement timelines. It will ensure the placement of orders within six months and the delivery within one year. The decision has been taken after considering the security environment caused by prevailing situation along the Northern Borders.
Find More News Related to Defence
Paris Olympics 2024 Medal Tally, India M...
Which District of Uttar Pradesh is known...
Which District of Haryana is Known as Br...
