Big boost for ‘Aatmanirbhar Bharat’, MoD signs 5 major defence contracts worth over Rs 30K cr [Video]

In a major boost to ‘Make-in-India’ initiative as part of ‘Aatmanirbharta in Defence’, Ministry of Defence (MoD) signed two contracts with L&T Defence in Delhi on March 01. The contracts were exchanged in the presence of Defence Minister Rajnath Singh and Defence Secretary Giridhar Aramane. These deals will further strengthen indigenous capabilities, save foreign exchange and reduce dependency on foreign-origin equipment manufacturers in the future. “These (contracts) are for equipment to be supplied to the Indian Air Force. 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…,” said L&T Defence Executive Vice President Arun Ramchandani.

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