The defence ministry on Tuesday approved the procurement of future-ready combat vehicles (FRCVs) for modernisation of the Army's tank fleet and air defence fire control radars, among other proposals.
The proposals were cleared by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.
The DAC "accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore," the ministry said in a statement.
Of the total cost of the AoNs, 99 per cent is from indigenous sources under the "Buy (Indian)" and "Buy (lndian-Indigenously Designed Developed and Manufactured)" categories, it added.
"For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared," the statement said.
The FRCVs will be futuristic main battle tanks with superior mobility, all-terrain ability, multi-layered protections, precision and lethal fires and real-time situational awareness.
