Question: Recently, the Defense Acquisition Council (DAC) has approved of the how much amount of Capital Acquisition proposals of the Coast Guard and services?
(a) Rs. 8,550 crores
(b) Rs. 9,220 crores
(c) Rs. 9,435 crores
(d) Rs. 9,830 crores
Answer: (c)
Related Facts:
- On February 28th, 2018, the Defence Acquisition Council (DAC), chaired by Raksha Mantri Smt. Nirmala Sitharaman, met and accorded approval to Capital Acquisition Proposals of the Services and Coast Guard valued at approximately Rs 9435 crore.
- In a major boost to the Make in India initiative the DAC accorded approval for procurement of 41000 LMGs and over 3.5 Lakh Close Quarter Battle Carbines under Buy and Make (Indian) category.
- Out of total quantities envisaged, 75 percent will be through Indian Industry under ‘Buy & Make (Indian)’ category and balance through OFB.
- The total cost for procurement of Carbines and LMGs for the soldiers of the three Services is Rs 4607 crore and Rs 3000 crore respectively.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=176869
http://www.thehindu.com/news/national/9435-crore-small-arms-procurement-cleared/article22880679.ece
http://www.business-standard.com/article/news-ians/dac-clears-procurement-of-entire-range-of-personal-weapons-for-three-services-118022801424_1.html