New Delhi: Defence Minister Manohar Parrikar will chair a crucial Defence Acquisition Council meeting on Friday during which some significant decisions on procurements would be taken.
Since the new government took over in May last year, the DAC has cleared defence purchases worth over Rs 1.5 lakh crore.
The DAC, set up in 2001 as part of the post-Kargil reforms in defence sector, approves the long-term integrated perspective plan for the forces, accords acceptance of necessity (AON) to begin acquisition proposals, and has to grant its approval to all major deals through all their important phases.
It also has the power to approve any deviations in an acquisition, and recommends all big purchases for approval of the Cabinet committee on security.
