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Magadh Today > Latest News > India > India to Launch Three Major Defence Projects Valued at ₹1.4 Lakh Crore
India

India to Launch Three Major Defence Projects Valued at ₹1.4 Lakh Crore

Gulshan Kumar
Last updated: 2023/11/24 at 1:10 PM
By Gulshan Kumar 2 years ago
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In a significant move, India is poised to grant initial approval for three substantial indigenous projects, including the construction of an additional aircraft carrier, procurement of 97 Tejas fighters, and acquisition of 156 Prachand light combat helicopters. These projects, estimated at approximately ₹1.4 lakh crore, are set to receive the “acceptance of necessity (AoN)” in the upcoming meeting of the defence acquisitions council led by Rajnath Singh on November 30.

Upon obtaining AoNs, the subsequent steps involve tendering, commercial negotiations, and final approval from the cabinet committee on security. The projects, crucial for enhancing India’s military preparedness in light of China’s expanding capabilities, encompass the production of 97 Tejas Mark-1A fighters, the construction of the second indigenous aircraft carrier (IAC-2), and the acquisition of 156 Prachand helicopters.

The 97 Tejas fighters, valued at around ₹55,000 crore, will supplement the existing order of 83 such jets. The IAC-2, expected to be a “repeat order” of the INS Vikrant, is projected to be built at the Cochin Shipyard for approximately ₹40,000 crore. Additionally, the 156 Prachand helicopters, costing around ₹45,000 crore, will contribute to mountain warfare capabilities, particularly in high-altitude areas like Siachen Glacier and eastern Ladakh.

These defence initiatives underscore India’s commitment to strengthening its armed forces and addressing evolving security challenges in the region.

 

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