Antique Stock Broking on Friday said the Defence Acquisition Council’s (DAC) latest approvals worth Rs 79,000 crore mark another major milestone in India’s push for self-reliance in defence production. The proposals, cleared under various capital procurement categories of the Defence Acquisition Procedure (DAP-2020), aim to enhance the operational capabilities of the Indian armed forces, particularly the Navy and Air Force. Advertisement

According to Antique, the DAC has so far granted Acceptance of Necessity (AoN) for proposals worth Rs 2.5 lakh crore in FY26 year-to-date, already surpassing FY25’s total approvals of Rs 2.2 lakh crore. The share of domestic procurement, it noted, has risen sharply from 54 per cent in FY19 to 92 per cent in FY25 — a development that significantly strengt

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