Recently, the Defence Acquisition Council (DAC) has approved proposals concerning Capital Acquisitions of various equipment for modernisation and operational needs of the Armed Forces.
Significance of Capital Acquisitions
- It will serve to facilitate faster and more significant absorption of technology and create a tiered industrial ecosystem for submarine construction in India.
- It will help reduce current dependence on imports and gradually ensure greater self-reliance and dependability of supplies from indigenous sources.
- India will be enabled to achieve its 30-year Submarine construction programme envisioned by the Government to acquire national competence in submarine construction.
- It will be an important step towards enhancing the nation’s quest for self-reliance in modern conventional submarine construction and sustainment activities.
- It provides a unique long-term opportunity and planning certainty for the industry to invest and support submarine construction.
- It will also infuse the latest technology and weaponry for submarines in India through strategic tie up between Indian Industry and leading foreign OEMs.
About Defence Acquisition Council
- Consequent upon the Group of Ministers recommendations on “Reforming the National Security System,” the Ministry of Defence vide its order dated 11 Oct. 2001 had set up broad structures and systems to deal with acquisitions on the Capital Account.
- An overarching structure, the Defence Acquisition Council (DAC), under the Defence Minister was constituted for overall guidance of the defence procurement planning process.
- The Defence Acquisition Council (DAC) is the highest decision-making body in the Defence Ministry for deciding on new policies and capital acquisitions for the three services (Army, Navy and Air Force) and the Indian Coast Guard.
- The Minister of Defence is the Chairman of the Council.
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