Source: The Hindu Business Line, Nov. 02, 2017
New Delhi: Mega defence contracts are up for grabs with the government likely to approve long-pending deals worth around $20 billion by December 31. These contracts will operate under the government’s ‘Make in India’ programme.
During a meeting last week, Defence Minister Nirmala Sitharaman and Defence Secretary Sanjay Mitra are believed to have assured the industry of clearing the deals by the year-end.
These defence programmes include the Futuristic Infantry Combat Vehicle (FICV), the Tactical Communication System (TCS) and the Battlefield Management System (BMS), all of which have been under discussions for almost a decade now. Once approved, these programmes will enable the Indian Army to take a quantum leap in modern warfare systems. Read the rest of this entry »