As part of ‘Aatmanirbharta in Defence’ and to further boost Make-in-India initiative, the Ministry of Defence (MoD) signed five major capital acquisition contracts worth Rs39,125.39 crore on 1st March 2024 in New Delhi.
Defence
As part of ‘Aatmanirbharta in Defence’ and to further boost Make-in-India initiative, the Ministry of Defence (MoD) signed five major capital acquisition contracts worth Rs39,125.39 crore on 1st March 2024 in New Delhi. The Contracts were exchanged in the presence of Raksha Mantri Shri Rajnath Singh and Defence Secretary Shri Giridhar Aramane, under whose guidance these deals fructified. Out of the five contracts, one was with M/s Hindustan Aeronautics Limited, two with Larsen & Toubro Limited and procurement of High-Power Radar (HPR) and two with M/s BrahMos Aerospace Private Limited (BAPL). These deals will further strengthen indigenous capabilities, save foreign exchange and reduce dependency on Foreign Origin Equipment Manufactures in future. The contract for procurement of BrahMos missiles has been signed with M/s BrahMos Aerospace Private Limited (BAPL) at a cost of Rs19,518.65 crore. The contract for Procurement of Ship borne BrahMos system has also been signed with M/s BrahMos Aerospace Private Limited (BAPL) at a cost of Rs988.07 crore. The project is likely to generate employment of around 60,000 man-days over a period of 7-8 years.
The contract for RD-33 Aero Engines for MiG-29 aircraft has been signed with M/s Hindustan Aeronautics Limited (HAL) at a cost of Rs5,249.72 crore.
The contract for procurement of CIWS has been signed with M/s Larsen & Toubro Limited at a cost of Rs7,668.82 crore.
The contract for procurement of HPR has also been signed with M/s Larsen & Toubro Limited at a cost of Rs5,700.13 crore.
Union Minister- Rajnath Singh
State Minister- Ajay Bhatt
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