In a big impetus to the government's 'Make in India' project in the defence sector, the Centre on Monday gave approval to indigenously design, develop and manufacture third-generation Anti-Tank Guided Missiles (ATGM). The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, granted approval for procurement of indigenously designed defence equipment worth over Rs 3300 crore. In a press release, the Ministry of Defence said the DAC provided approval for three projects which will be indigenously designed, developed and manufactured by the Indian industry. This is the first time that complex military equipment will be designed, developed and manufactured by the Indian private industry. With this, for the first time the Ministry of Defence has offered complex Military equipment to be designed, developed and manufactured by the Indian private industry," the ministry said.

Source: dna October 21, 2019 15:33 UTC