India clears defence purchase plan worth $10 bln

India has approved proposals to acquire defence equipment, including infantry combat vehicles, light tanks and missile systems, worth 843.28 billion rupees ($10.18 billion), the defence minister said on Thursday.

Of the total approvals, more than 97% have been earmarked to be procured from Indian manufacturers, Defence Minister Rajnath Singh wrote on Twitter.

($1 = 82.8330 Indian rupees)