Army Hardware Worth Rs 1.8 Lakh Crore Approved For Procurement: Centre
NDTV
Under India's defence acquisition norms, the Acceptance of Necessity (AoN) is the first step toward procurement of any military equipment and hardware.
The government on Friday said it accorded the Acceptance of Necessity (AoN) or in-principle approval for procurement of military equipment worth Rs 1,83,778 crore since 2020-21.
Under India's defence acquisition norms, AoN is the first step toward procurement of any military equipment and hardware.
After the grant of AoN, tendering and contracting process is undertaken by the respective services and the ministry of defence.
"In the period 2020-21 to 2022-23 (till June 30), 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 in Lok Sabha.
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