DAC clears ₹1.10 lakh-crore defence procurement proposals; 98% to be sourced from Indian industry
India’s Defence Acquisition Council has approved acquisition proposals worth about ₹1.10 lakh crore for the armed forces, granting Acceptance of Necessity status. The council indicated that roughly 98% of the procurement value will be sourced from Indian defence firms, aiming to boost domestic production and reduce reliance on imports. The move covers a range of equipment and systems.