• About us
  • Contact us
  • Our team
  • Terms of Service
Monday, January 12, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Defence ministry clears 10 capital acquisition projects worth over Rs 1 lakh crore

Press Trust of india by Press Trust of india
July 3, 2025
in BUSINESS
A A
0
Centre notifies rules under Inter-Services Organisations Act
FacebookTwitterWhatsapp

New Delhi:  India on Thursday approved capital acquisition of a plethora of military hardware and platforms worth approximately Rs 1.05 lakh crore that included procurement of 12 mine counter-measure vessels at a cost of over Rs 44,000 crore for the Indian Navy.

The critical procurement projects were cleared by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, weeks after the May 7 to 10 military conflict between India and Pakistan.

More News

Modi raises investment pitch, ‘Amid great global uncertainty, unprecedented certainty in India’

RBI advocates disclosure of NPA, inspection info; banks oppose; matters in CIC

India tightens crypto noose: Live selfies, geo-tagging now mandatory for users

Load More

The DAC accorded initial approval for 10 capital acquisition proposals amounting to about Rs 1.05 lakh crore through indigenous sourcing, the defence ministry said.

The approval for the procurement of mine counter-measure vessels (MCMVs) comes after at least three failed attempts to procure them in the last 15 years.

Around seven years back, India’s negotiations with a South Korean defence major to procure the MCMVs, popularly known as minesweeper vessels, broke down in view of a variety of issues.

The Indian Navy does not have any MCMV at present. The force has been strongly pitching for acquiring the specialized warships that are crucial for detection, tracking and destroying underwater mines.

Underwater mines are used by adversaries to disrupt maritime trade, choke harbours and ports, and disrupt shipping.

According to the proposal, the MCMVs will be manufactured in India.

The DAC accorded Acceptance of Necessity (AoN) or initial approval 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.

It said approvals were also accorded for procurement of moored mines, super rapid gun mount and submersible autonomous vessels.

“These procurements will enable mitigation of potential risks posed to the naval and merchant vessels,” it said.

“To provide further impetus to indigenous design and development, AoNs were accorded under the Buy (Indian-Indigenously designed developed and manufactured) category,” the ministry said.

Previous Post

India’s concerns shared with US Senator who proposed 500% tariff on Russian oil buyers: Jaishankar 

Next Post

Which documents required to prove citizenship, asks TMC MP

Press Trust of india

Press Trust of india

Related Posts

Modi raises investment pitch, ‘Amid great global uncertainty, unprecedented certainty in India’

India-Middle East-Europe corridor will become basis of world trade for centuries: PM Modi
January 11, 2026

Rajkot:  Prime Minister Narendra Modi on Sunday said India is currently witnessing an era of unprecedented certainty and political stability,...

Read moreDetails

RBI advocates disclosure of NPA, inspection info; banks oppose; matters in CIC

RBI holds meeting of Steering Sub Committee of J&K SLBC
January 11, 2026

New Delhi: Four major banks -- Bank of Baroda, RBL Bank, Yes Bank and State Bank of India -- have...

Read moreDetails

India tightens crypto noose: Live selfies, geo-tagging now mandatory for users

January 11, 2026

New Delhi: In an effort to eliminate illegal activity in the digital asset market, India's Financial Intelligence Unit (FIU) has...

Read moreDetails

Homebuyers’ ‘fraud’: ED attaches land parcels worth Rs 585 crore in Haryana, UP

JKSSB SI paper leak: ED arrests key absconding accused, gets 5-day remand
January 10, 2026

New Delhi:  The Enforcement Directorate on Saturday said it has attached hundreds of acres of land in Haryana and Uttar...

Read moreDetails

Incredible opportunities ahead for India and US: Sergio Gor

Defence deals boost India-US ties, new era in relations, say experts
January 10, 2026

New Delhi:  US ambassador-designate Sergio Gor, known to be a key member of President Donald Trump's inner circle, has arrived...

Read moreDetails

India projected to grow at 6.6%, resilient consumption, public investment to offset US tariffs impact: UN

Encouraged by Group of Friends launched by India to promote accountability for crimes against peacekeepers: UN Staff Union
January 9, 2026

United Nations:  India is projected to grow at 6.6 per cent in 2026, registering an “exceptionally high growth in a...

Read moreDetails
Next Post

Which documents required to prove citizenship, asks TMC MP

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.