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'Approval accorded for procurement of military equipment worth Rs 1.8 lakh crore'

IANS | August 06, 2022 10:52 AM

NEW DELHI: The government has said that it accorded the Acceptance of Necessity (AoN) approval for procurement of military equipment worth Rs 1, 83, 778 crore since 2020-21.

The AoN is the first step towards any defence procurement, which is followed by tendering and contracting.

"In the period 2020-21 to 2022-23 (till June 30, 2022), 59 AoNs amounting to Rs 1, 83, 778.34 crore have been accorded and 91 contracts amounting to Rs 1, 19, 045.3 crore have been concluded, " Minister of State for Defence Ajay Bhatt said while replying to a question in Lok Sabha on Friday.

"Capital acquisition of defence equipment is carried out as per provisions of Defence Acquisition Procedure (DAP), " he said, adding that the DAP-2020 lays down the timelines for completion of acquisition activities.

Further, the activities are "regularly monitored so as to ensure finalisation of proposals and conclusion of contracts expeditiously", he added.

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