DAC approves a new cruise missile, 21 MiG-29, 12 Su-30 MKI
Amidst the ongoing stand-off with China, India, on Thursday, approved weapons systems and fighter jets worth INR 38,900 (over USD 5b). The proposals were cleared by Defence Acquisition Council (DAC), apex procurement body of the Ministry of Defence, under the chairmanship of defence minister Rajnath Singh.
“Focused on indigenous design and development these approvals include acquisitions from Indian industry of Rs 31,130 crore,” government said in a statement.