Centre clears Rs 2.12 lakh crore defence proposals - OrissaPOST

India’s central government has officially approved a massive capital acquisition package for its military forces, with a total value reaching 2.12 lakh crore rupees. This significant financial commitment was authorized by the Defence Acquisition Council during a meeting chaired by Defence Minister Rajnath Singh. A major portion of these funds, specifically around 82 percent, is designated for procurement from domestic Indian industries. The council granted Acceptance of Necessity for these proposals, which serves as an in-principle administrative approval. This move signals a strong governmental focus on bolstering national defense capabilities while simultaneously prioritizing the growth and utilization of the country’s own defense manufacturing sector.