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Out of the total proposals, Indian Navy proposals constitute more than ₹56,000 crore, which largely includes indigenous BrahMos missiles, Shakti Electronic Warfare systems, Utility Helicopters-Maritime
The approval to the procurement proposals was accorded by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, officials said.
Get latest articles and stories on Business at LatestLY. These ships will cater to the training of officer cadets, including women, at sea after their basic training to meet the future requirements of the Indian Navy, according to the statement from the ministry of defence. Business News | Cabinet Okays Signing of Contract with L&T for 3 Cadet Training Ships Worth Rs 3,100 Crore.
The Union Cabinet on Wednesday accorded approval to sign a contract with Larsen and Toubro (L&T) for the acquisition of three cadet training ships at an overall cost of Rs 3,108.09 crore, under Buy (Indian-Indigenously Designed, Developed and Manufactured) category
The Indian Defence Acquisition Council has approved proposals to procure arms, including drones and carbines, worth $3.59bn (Rs287.32bn).