Indian army finalises Rs 40,000 crore procurement plan to replace ageing weapons (By Moneycontrol.com)

1. The Army has finalised one of its biggest procurement plans for infantry modernisation under which a large number of light machine guns, battle carbines and assault rifles are being purchased at a cost of nearly Rs 40,000 crore to replace its ageing and obsolete weapons.

2. The broad process to acquire around 7 lakh rifles, 44,000 light machine guns (LMGs) and nearly 44,600 carbines has been finalised and the defence ministry is on the same page with the Army in moving ahead with the procurement, official sources told PTI.

3. 62 mm assault rifle and the Defence Acquisition Council (DAC), the defence ministry’s highest decision making body on procurement, is expected to give the go-ahead for the much- needed procurement soon.

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