New Delhi, Feb 23 (IANS) Defence Minister Manohar Parrikar on Tuesday reviewed the proposals cleared by the Defence Acquisition Council since the NDA government came to power.
“A total of 81 capital acquisition schemes have matured since June 2014,” a defence ministry official said.
Maturing of an order means the contract has been signed or supply order has been given.
The cleared proposals cost around Rs.1,50,000 crore.
However, there are 314 cases which have “not yet fructified”, the official said.
Of these, 86 cases worth approximately Rs.1,50,000 crore are close to the final stage of approval.
“The defence minister directed that all concerned should make concerted efforts to get these cases cleared in the next 4-5 months,” the official said, referring to the 86 cases.
Parrikar also advised the services to review and weed out acquisition proposals which may not be relevant any longer.