Defence Acquisition Council (DAC) on Thursday approved the acquisition of various platforms and equipment required by the Indian Armed Forces. Proposals for an approximate cost of Rs 38,900 crore were approved.
Defence Ministry approved the acquisition of 33 new Russian fighter planes including 12 Su-30 MKIs and 21 MiG-29s along with 248 Astra Beyond Visual Range air-to-air missiles to strengthen the Armed Forces for the defence of our borders.
The Defence Ministry cleared the acquisition of 248 Astra Beyond Visual Range air-to-air missiles for the Indian Air Force and the Navy. The Indian Navy would get 48 Astra missiles for its MiG-29K fighter jets which operate from Goa air base and sometimes on the aircraft carrier INS Vikramaditya.
The Defence Acquisition Council cleared proposals worth Rs 38,900 crore of which acquisitions worth Rs 31,130 crore would be from the Indian industry. These include Pinaka ammunitions, BMP armament upgrades and software defined radios for the Indian Army, Long Range Land Attack Cruise Missile Systems and Astra Missiles for the Indian Navy and Indian Air Force (IAF). The cost of these design and development proposals is in the range of Rs 20,400 crore.
Defence Ministry also approved the proposal for procurement of 21 MIG-29 along with upgradation of existing 59 MIG-29 aircraft and procurement of 12 Su-30 MKI aircraft. While the MIG 29 procurement and upgradation from Russia is estimated to cost Rs 7,418 crore, the Su-30 MKI will be procured from Hindustan Aeronautics Limited (HAL) at an estimated cost of Rs 10,730 crore.