Defense Procurement News

India's Defence Procurement Soars with Approval for Tejas Fighters, Prachand Choppers, and Domestic Weapons Worth $26.8 Billion

The Indian defense ministry has given preliminary approval for capital acquisition proposals worth Rs 2.23 lakh crore, including the procurement of 97 Tejas fighters, 156 Prachand helicopters, and an upgrade of 84 Sukhoi-30MKI jets. The approvals also include new artillery gun systems, anti-ship missiles, and amendments to the Defense Acquisition Procedure to ensure a minimum of 50% indigenous content in procurement cases. These proposals aim to boost indigenous defense production and will need final clearance from the cabinet committee on security before contracts can be signed.