Defence Acquisition Council 

In News: The Defence Acquisition Council (DAC), has accorded approval for Acceptance of Necessity (AoN) for 24 Capital Acquisition Proposals.

• It is pertinent to mention that 97.4% of proposals are approved for procurement from indigenous sources.
• The AoNs accorded will equip the Indian Army with Futuristic Infantry Combat Vehicles, Light Tanks and Mounted Gun System and Ballistic Helmets

About Defence Acquisition council:

• The Defence Acquisition Council (DAC) has been created as an overarching structure
• Composition

• Chairman: Raksha Mantri (RM)
• Member Secretary: Dy. Chief of Defence Staff (PP&FD)

• The objective of the Defence Acquisition Council is to ensure expeditious procurement of the approved requirements of the Armed Forces in terms of capabilities sought, and time frame prescribed, by optimally utilizing the allocated budgetary resources.
• The DAC will meet as required.

Functions:

• Give ‘in principle’ approval to Capital acquisitions and to AoN.
• Monitor the progress of major projects on a feedback from the Defence Procurement Board.

Significance:

• Modernise the Armed Forces
• Provide substantial boost to the defence industry to achieve the goal of ‘Aatmanirbhar Bharat’.
• Enhance maritime strength giving boost to Indian Navy’s capabilities.
• Indian Air Force will be further strengthened with enhanced lethal capabilities
• Enhance surveillance capability in the coastal areas to new heights.

Source: PIB