New Delhi: The Defence Ministry on Saturday approved procurement of 111 utility helicopters for the Navy. The cost of the helicopters is expected to be over Rs 21,000 crore, said, officials. The officials also added that the proposals worth nearly Rs 46,000 crore regarding the procurement were cleared by the ministry.Also Read - Only To Curb Trans-Border Crimes: BSF Says Jurisdiction Increased For CrPC Act, Passport Act

The ministry also cleared the proposal involving the acquisition of the helicopters. “The DAC approved procurement of 111 utility helicopters for the Indian Navy at a cost of over Rs 21,000 crores,” said a senior official. Also Read - India Successfully Tests 'Akash Prime' Missile, Destroys Aerial Target | Watch

The decision to acquire the helicopters was made during a meeting of the Defence Acquisition Council (DAC). Of the ministries, the decision of the DAC holds major significance as it the highest decision-making body on procurement. Also Read - Republic Day 2021: Galwan Braveheart Col Santosh Babu Named For Mahavir Chakra

A senior official reportedly stated, “The DAC approved procurement of 111 utility helicopters for the Indian Navy at a cost of over Rs 21,000 crores.”

A contract for 24 Lockheed Martin manufactured MH-60R helicopters is likely to be signed by the government for the Indian Navy soon. The contract is supposed to be a direct deal between the governments of India and United States.

Proposals amounting to approximately Rs 24,879 crore were also approved by the ministry. The proposals were made after the ministry approved the acquisition of 150 indigenously designed and developed 155 mm advanced towed artillery gun systems for the Army at an approximate cost of Rs 3,364 crores.

(With PTI Inputs)