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For the Indian Air Force, the DoC has accorded AoNs for the manufacture of Dornier Aircrafts and Su-30 MKI aero-engines by the Navratna CPSE M/s Hindustan Aeronautics Limited (HAL) with a focus on enhancing indigenisation, particularly in indigenising aero-engine material.
Following the announcement on Monday, defence stocks have been on a roll. The HAL stocks rose as much as 2.94 per cent in early trade, hitting a new all-time high of Rs 1,942.2 on BSE. At 11:45 am on Tuesday, the stock was up 0.70 per cent (or 13.30 points), quoting at Rs 1,900 apiece on BSE.
The Ministry further said, “In pursuance of the Government’s vision for digital transformation in Defence, ‘Digital Coast Guard’ project under ‘Buy (Indian)’ Category has been approved by the DAC. Under this project, a pan India secure network for digitising of various surface and aviation operations, logistics, finance and HR processes in Coast Guard will be established.”
These new procurements are a massive step towards modernizing the Indian forces — a key aim of the Modi government that was firmly backed by former Chief of Defence Staff – the late Gen. Bipin Rawat. In fact, his position was created to spearhead the modernization and integrate the capabilities of the army, the navy and the air force, with the 17 single-service units coming under five “theatre commands” to establish a unified approach to deal with future conflicts.
