NDTV Defence Summit, 2024 - Unleashing India's Defence Potential
NDTV Defence Summit, 2024 - Unleashing India's Defence Potential
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After Op Sindoor, Centre Clears Rs 1 Lakh Crore Missile, Weapons Purchases

After Op Sindoor, Centre Clears Rs 1 Lakh Crore Missile, Weapons Purchases
The Defence Acquisition Council works under chairmanship of Defence Minister Rajnath Singh

Highlights

  1. Defence Acquisition Council approved 10 military hardware proposals worth Rs 1.05 lakh crore
  2. Procurements include armoured recovery vehicles, electronic warfare systems, and surface-to-air missiles
  3. Advanced Medium Combat Aircraft programme to involve private and public sector companies
New Delhi: 

The Defence Acquisition Council (DAC) on Thursday gave the go-ahead for 10 proposals to buy military hardware, including missiles and electronic warfare systems, worth approximately Rs 1.05 lakh crore through indigenous sourcing.

The DAC works under the chairmanship of Defence Minister Rajnath Singh.

The DAC gave its "Acceptance of Necessity (AoN) for the procurement of Armoured Recovery Vehicles, Electronic Warfare System, Integrated Common Inventory Management System for the Tri-Services and Surface-to-Air Missiles. These procurements will provide higher mobility, effective air defence, better supply chain management, and augment the operational preparedness of the Armed Forces", the Defence Ministry said in a statement.

AoNs were also given for procurement of Moored Mines, Mine Counter Measure Vessels, Super Rapid Gun Mount and Submersible Autonomous Vessels. These procurements will enable the mitigation of potential risks posed to the naval and merchant vessels.

To provide further impetus to indigenous design and development, AoNs were accorded under the Buy (Indian-Indigenously Designed Developed and Manufactured) category, the statement said.

India's indigenous defence production has surged to an all-time high of Rs 1.46 lakh crore, with exports increasing to a record Rs 24,000 crore in 2024-25, according to Mr Singh.

"Our defence production, which was only Rs 43,000 crore 10 to 11 years ago, has now crossed a record figure of Rs 1,46,000 crore, with the private sector's contribution of over Rs 32,000 crore. Our defence exports, which were around Rs 600-700 crore 10 years ago, have surpassed a record figure of Rs 24,000 crore today," the minister stated in his address at the Confederation of Indian Industry (CII) annual summit recently.

He described the Make In India policy as crucial for security and prosperity, stating that the use of indigenous systems during 'Operation Sindoor' has proved that India has the power to penetrate any armour of the enemy.

"Our weapons, systems, sub-systems, components, and services are reaching around 100 countries. Over 16,000 MSMEs, associated with the defence sector, have become the backbone of the supply chain. These companies are not only strengthening our self-reliance journey, but are also providing employment to lakhs of people," the minister said.

He said the Advanced Medium Combat Aircraft (AMCA) programme execution model will open an opportunity for the private sector to participate in a mega defence project along with public sector companies for the first time, further bolstering the Make In India drive in the defence industry, he added.

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About The Summit

NDTV Defence Summit 2024 is a premier event bringing together thought leaders, policymakers, and industry experts to discuss, collaborate, and strategise on the pressing issues facing our world today. This year's summit, the first of an annual series, focuses on the theme of ‘Unleashing India’s Defence Potential’ recognising the dynamic challenges and opportunities that define our global security landscape.

As we navigate through a rapidly evolving geopolitical environment, it is crucial to exchange ideas and best practices to ensure the safety and security of nations and communities worldwide. The NDTV Defence Conclave serves as a platform for thought leaders, policymakers, and industry experts to engage in insightful discussions, share innovative solutions, and forge meaningful partnerships.

Throughout the conclave, participants will have the opportunity to explore a wide range of topics, including cybersecurity, modern warfare, strategic alliances, and emerging technologies. By fostering collaboration and knowledge-sharing, we aim to advance the collective understanding of defence and security challenges and drive actionable outcomes that benefit society as a whole.