Out of the five contracts, one was with Hindustan Aeronautics Limited for procurement of Aero-engines for MiG-29 aircraft, two with Larsen & Toubro Limited for procurement of Close-in Weapon System (CIWS) and procurement of High-Power Radar (HPR) and two with BrahMos Aerospace Private Limited (BAPL) for procurement of BrahMos missiles and procurement of Ship borne BrahMos system for the Indian Defence Forces.
India News: The ministry of defence has signed five major capital acquisition contracts worth Rs 39,125 crore. These contracts will strengthen indigenous capabilities, save foreign exchange, and reduce dependency on foreign-origin equipment manufacturers in the future.
Another major boost to Aatmnirbharta in defence: Ministry of Defence signs five major capital acquisition contracts worth Rs 39,125 39 crore orissadiary.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissadiary.com Daily Mail and Mail on Sunday newspapers.
Ministry of Defence signs 5 major capital acquisition contracts worth over Rs 30,000 cr aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.