The Ministry of Defense says it has signed contracts worth Rs 1.96 lakh crore with Indian companies since 2014
New Delhi, December 5 () The Ministry of Defense said Thursday that it has signed more than 180 contracts worth Rs 1.96 lakh crore with the Indian industry since 2014.
In a statement, the ministry also released some details of a series of important defense contracts signed in the last five years.
The ministry's statement came about as a result of criticism that 'Make in India' in the defense sector has not been successful as planned by the government.
The ministry said that in 2015 a contract worth Rs 45,000 million was signed with Mazagon Dockyards Limited (CDM) to manufacture frigates for the Indian Navy under Project P-17A.
Another project to build two frigates at a cost of Rs 14,100 crore was completed with Goa Shipyard Limited (GSL) in October 2018.
He said that contracts for the manufacture of 41 advanced light helicopters (ALH) for the Indian Air Force and 32 ALH for the Indian Navy were signed with Hindustan Aeronautics Limited (HAL) in 2017 at a combined value of Rs 14.1 billion of rupees
This adds to the acquisition of 14 HAL Dornier 228 aircraft at a cost of 1.1 billion rupees under a contract signed in February 2015, the ministry said.
He said seven squads of the Akash missile system are being acquired from Bharat Electronics Limited (BEL) at a cost of Rs 6.3 billion rupees. Separately, an advanced control and command system integrated under a 7.9 billion rupee contract is being acquired.
The ministry said the Artillery Factory Board was tasked with supplying 464 T-90S/SK tanks worth Rs 19.1 billion rupees for which a bleed was placed last month.
100 self-propelled 155x52 mm cannons are also being acquired under the Ms/L&T 'Make in India' initiative at a cost of Rs 4,300 crore, the ministry said.
He said the three services have also established a series of contracts with private sector providers.
The ministry said 44 projects have been approved. He said the process to acquire 114 fighter jets for the IAF and to acquire a lot of naval helicopters is moving forward. MPB SMN