Since 2014, MoD Inked Around 180 Deals with Local Industry

The Ministry of Defence has signed more than 180 contracts worth Rs 1,96,000 crore with the Indian industry since 2014 while a few are in the pipeline to be signed in the near future, the ministry said on Thursday. “A contract for manufacture of frigates under Project P 17A was signed in February 2015 with Mazagon Dockyards Limited (MDL), Mumbai valued worth Rs 45,000 crore while two frigates under Project P1135.6 are slated to be manufactured by Goa Shipyard Limited (GSL) under a contract signed in October 2018 worth Rs 14,100 crore,” said Defence Ministry in a statement. Further, contracts for manufacture of 41 Advanced Light Helicopters for Indian Air Force (IAF) and 32 ALH for Indian Navy (IN) have been signed with Hindustan Aeronautics Limited (HAL) in March 2017 and December 2017 with a combined value of Rs 14,100 crore. Read More…