Stay updated with breaking news from Technology Development Fund. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
New Delhi: India is now on the list of top 25 arms exporter nations with defence exports reaching Rs 16,000 crore, Defence Minister Raj Nath Singh said here on Saturday.
The signal given by the Defence Acquisition Council indicates a contribution towards India's self-reliant Aatmanirbhar Bharat initiative.
The equipment to be acquired include new generation anti-tank mines, Air Defence Tactical Control Radar, Heavy Weight Torpedoes, Medium Range Maritime Reconnaissance and Multi-Mission Maritime Aircraft, Flight Refueller Aircraft and Software Defined Radios.
India has approved defence big-ticket acquisition projects worth Rs 84,560 crore that included procurement of mid-air refuellers, maritime reconnaissance aircraft, heavy weight-torpedoes, air defence radars and new generation anti-tank mines to bolster the combat prowess of the armed forces.
The Ministry of Defence (MoD) on Friday approved the proposal for procurement of new generation Air Defence Tactical Control Radar (ADTCR) and heavyweight Torpedoes for the armed forces.