DAC Approves Capital Acquisition Proposals worth Rs 3,687 Crore

The Defence Acquisition Council (DAC), chaired by the Raksha Mantri Nirmala Sitharaman, approved the Capital Acquisition Proposals valued at over Rs 3,687 crore.

In a boost to indigenisation and in realisation of India's growing technological prowess, the DAC approved procurement of Defence Research and Development Organisation’s (DRDO’s) designed and developed NAG Missile System (NAMIS) at the cost of Rs 524 crore. The system includes a third generation Anti-Tank Guided Missile, the NAG, along with the Missile Carrier Vehicle (NAMICA). The NAG missile is a third generation anti-tank guided missile, which has top attack capabilities that can effectively engage and destroy all known enemy tanks during day and night. This will give a quantum boost to the Army's capability against enemy armour.

The DAC also approved procurement of thirteen 127 mm calibre guns for the Navy.