Yubi Daily Wrap

Macro News

The Defence Acquisition Council (DAC) of India has approved Acceptance of Necessity (AoN) for capital acquisitions worth Rs 705 billion. AoNs granted for capital acquisitions in the FY 2022-23 amount to over Rs 2.71 trillion. Out of these, 99% of the procurement will be sourced from Indian industries.

March 17, 2023

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