Don’t miss the latest developments in business and finance.

DAC accords 'acceptance of necessity' to Navy for sonars

Image
Press Trust of India New Delhi
Last Updated : Sep 27 2017 | 8:07 PM IST
The Defence Acquisition Council (DAC) today accorded the 'acceptance of necessity' to the Navy for procuring upgraded sonars for its destroyers and frigates, a statement said.
Nirmala Sitharaman, who chaired her first DAC meeting after taking over the reins of the defence ministry, reviewed the status of the capital acquisition schemes and directed that they be meticulously monitored and brought to maturity within stipulated timelines.
"The minister stated that the Defence Acquisition Council meetings are to be conducted once in a fortnight to enable speeding up the process of capability development of the armed forces," the statement added.
Procurement of sonars have to be done through the 'Buy Indian' (indigenously designed, developed and manufactured) route at a cost of Rs 200 crore. The upgraded sonars will add more teeth to the Navy's anti-submarine warfare capabilities
These sonars are designed, developed and manufactured indigenously by the DRDO and the Naval Physical and Oceanographic Laboratory, Kochi.
The DAC additionally cleared procurement of missiles for replenishing the naval inventory, the statement added.
The 'acceptance of necessity' clears the way for the tendering process to start.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Sep 27 2017 | 8:07 PM IST

Next Story