India is planning to fast-track the induction of some 2600 Future Infantry Combat Vehicles (FICV) and a large number of automobile and engineering firms are in the race to grab a slice of the pie.
Among those vying for the new $8 billion market being opened by the Indian army are Mahindra & Mahindra, Titagarh Wagons, Tatas, DRDO and Reliance Defence and Engineering. The foreign Original Equipment Manufacturers who have also evinced interest in participating in the project include Russian firms under the umbrella of Rosoboronexport, US-based General Dynamic and Germany’s Rheinmetall.Read More…
