India’s MoD: Major acquisitions/contracts/inductions for 2024

To provide substantial boost to the Indian defence industry and reduce foreign spending significantly, Defence Acquisition Council (DAC) and Defence Procurement Board (DPB), during 2024, accorded Acceptance of Necessity (AoN) for 40 Capital Acquisition proposals amounting to Rs 4,22,129.55 crore. Out of these, AoNs for Rs 3,97,584.34 Crore (i.e. 94.19 %) have been accorded to be procured from indigenous sources. These include:

DAC, in September 2024, accorded AoN for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. These include procurement of Future Ready Combat Vehicles, Air Defence Fire Control Radars, Dornier-228 aircraft, Next Generation Fast Patrol and Offshore Patrol Vessels.

DAC, in February 2024, accorded approval for AoN for various capital acquisition proposals amounting to Rs 84,560 crore. The proposals include new generation anti-tank mines, Air Defence Tactical Control Radar, Heavy Weight Torpedoes, Medium Range Maritime Reconnaissance & Multi-Mission Maritime Aircraft, Flight Refueller Aircraft and Software Defined Radios.

In July 2024, DAC approved capital acquisition proposals including procurement of Advanced Land Navigation System for Armoured Fighting Vehicles of the Indian Army and 22 Interceptor Boats with latest state-of-art system for the Indian Coast Guard.

DAC, in December 2024, accorded AoN for five capital acquisition proposals amounting to over Rs. 21,772 crore. These include procurement of Water Jet Fast Attack Crafts, Fast Interceptor Craft, Electronic Warfare Suite, Next Generation Radar Warning Receiver, Advanced Light Helicopters for surveillance in coastal areas.

MoD inked a contract with the US Government for Tri-Service procurement of 31 MQ-9B Sky/Sea Guardian High Altitude Long Endurance Remotely Piloted Aircraft System (RPAS) in October 2024. Another contract was signed with General Atomics Global India Pvt Ltd for Performance Based Logistics for these RPAS through Depot Level Maintenance, Repair & Overhaul in India.

A contract was signed in February 2024 with Advanced Weapon Equipment India Limited for manufacturing and supply of a total of 463 indigenously manufactured 12.7 mm Stabilised Remote Control Guns for the Indian Navy and Indian Coast Guard at a total cost of Rs 1,752.13 crore, with indigenous content of more than 85%.

 In March 2024, a contract was signed with Armoured Vehicles Nigam Limited for the procurement of 693 Armament Upgrades of Infantry Combat Vehicle BMP2 to BMP2M. This upgrade includes Night Enablement, Gunner Main Sight, Commander Panoramic Sight and Fire Control System (FCS) with Automatic Target Tracker under Buy (Indian-IDDM) category.

Two contracts were inked with BrahMos Aerospace Private Limited in March 2024 for procurement of BrahMos missiles at a cost of Rs 19,518 crore and procurement of shipborne BrahMos system at a cost of Rs 988 crore.

Induction of Drishti-10 MALE RPAs marks an important addition to the Indian Navy’s RPA inventory. This technologically advanced aircraft would significantly bolster Indian Navy’s surveillance capabilities and augment Maritime Domain Awareness efforts.

Rotary Naval Shipborne Unmanned Aerial Systems have been inducted in the IN in early 2024. Four systems comprising two aerial vehicles have been integrated on Fleet ships and are being effectively utilised for surveillance.

First nine of the 24 MH-60Rs helicopters being procured by IN have been operationalised onboard Fleet ships.