Indian Navy to acquire stealth warships worth $1 billion
NEW DELHI - Indian Ministry of Defence (MoD) has approved purchase of Stealth warships worth $1 billion for Navy.
MoD on Saturday approved military procurement worth Rs 3,000 crore.
The list includes Brahmos supersonic cruise missiles for the Navy's two stealth frigates and armoured recovery vehicles for the Army's Arjun main battle tanks, ministry officials said.
The Defence Acquisition Council (DAC) headed by Defence Minister Nirmala Sitharaman cleared the proposals for the procurement.
"The DAC chaired by Defence Minister Nirmala Sitharaman accorded approval for acquisition of defence equipment worth about Rs 3,000 crore," said an official.
India is procuring two stealth frigates at a cost of $1 billion and both the ships for the Indian Navy will be equipped with indigenously developed BrahMos missiles.