New Delhi, July 3 -- The Ministry of Defence's Defence Acquisition Council (DAC) on Thursday, 3 July 2025, cleared capital acquisition proposals worth nearly Rs.1.05 lakh crore as the nation's military seeks to onboard new defence equipment.

As per the official release, the 10 capital acquisition proposals are set to be carried out through indigenous sourcing from Indian companies.

"Defence Acquisition Council, under the chairmanship of Raksha Mantri Shri Rajnath Singh, on July 03, 2025, accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to approx. Rs.1.05 lakh crore through indigenous sourcing," said the Ministry of Defence in its official statement.

The Acceptance of Necessity (AoN) or the need for ...