Govt approves Rs27000cr defence acquisition on Make in India plan … Positive for BEL, L&T, Bharat Dynamic, Bharat Forge, Nesco, HAL, BEML, Astrta Micro
Big boost to Make in India: Defence Acquisition Council headed by Raksha Mantri Shri Rajnath Singh approves proposals to procure equipment worth Rs 27,000 cr from domestic industry. DAC approved Capital Acquisition proposals of various weapons, platforms, equipment and systems required by the Indian Army, the Navy and Air Force. Expect positive for Indian Defence stocks like BEL, L&T, Bharat Dynamic, Bharat Forge, Nesco, Hindustan Aeronautics, BEML, Astra Micro