Defence Ministry seals Rs 39,125 crore military procurement contracts
THE JHARKHAND STORY DESK New Delhi, March 1: In the presence of Defence Minister Rajnath Singh, the Ministry of Defence finalized…
Image: ANI
THE JHARKHAND STORY DESK
New Delhi, March 1: In the presence of Defence Minister Rajnath Singh, the Ministry of Defence finalized five military procurement agreements worth Rs 39,125.39 crore in Delhi on Friday.
In the presence of Defence Minister Rajnath Singh and Defence Secretary Giridhar Aramane the contracts were signed.
Of the five contracts, two were with BrahMos Aerospace Private Limited (BAPL) for the purchase of BrahMos missiles and a ship-borne BrahMos system for the Indian Defense Forces, and one was with Hindustan Aeronautics Limited for the purchase of aero-engines for MiG-29 aircraft.
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The other two contracts were with Larsen and Toubro Limited for the purchase of Close-in Weapon System (CIWS) and High-Power Radar (HPR).
These agreements will conserve foreign exchange, improve domestic capabilities, and lessen future reliance on producers of equipment of foreign origins.
According to L&T Defence Executive Vice President Arun Ramchandani, the company signed two contracts to supply the Indian Air Force with equipment.
“The two contracts include a high-power radar which will be deployed at the different locations by the (Indian) Air Force for identifying aerial targets at very long distances. In addition, we have also signed a contract for the close-in weapon system. The close-in weapon systems are used to protect vital assets of the country,” Ramchandani stated.
