DAC clears acquisition of 7.4 lakh rifles
On Tuesday, the Defence Acquisition Council clears the acquisition of 7.4 Lakh rifles at an estimated cost of Rs. 15,935 crore. The DAC meeting was headed by Defense Minister Nirmala Sitharaman.
“The DAC accorded approval for procurement of 7.4 lakh assault rifles for the three Services. These rifles will be ‘Made in India’ under the categorisation of ‘Buy and Make (Indian)’, through both the Ordnance Factory Board (OFB) and private industry at an estimated cost of Rs. 12,280 crore,” the Ministry of Defense said in a statement.
The acquisition will also include 17,000 light machine guns (for all the three wings of armed forces), 5,719 sniper rifles for the Army and the Air Force and the rest of the assault rifles of 7.62mm calibre and the carbines of the 5.56mm calibre that will replace the INSAS.
The rifles will be procured through fast-track process and will be manufactured in India under “Make in India” initiative.