Speed Post News Network
Delhi : Considering the security environment due to prevailing situation along the Northern Borders and the need to strengthen the Armed Forces for the Defence of our borders, a Special Meeting of the Defence Acquisition Council (DAC) was convened on July 15, 2020, under the Chairmanship of Defence Minister Rajnath Singh.
The DAC delegated the powers for progressing urgent Capital Acquisition Cases up to Rs 300 crores to the Armed Forces to meet their emergent operational requirements. This will shrink the procurement timelines and ensure placement of orders within six months and commencement of deliveries within one year, asccording to as PIB release.