The Ministry of Defence has signed a contract with Advanced Weapon Equipment India Ltd. (AWEIL) for 463 12.7 mm Stabilised Remote Control Guns (SRCG) for the Indian Navy and Coast Guard, valued at Rs. 1752.13 crores. This move aims to enhance maritime security by enabling precise targeting of small threats. With over 85% Indigenous Content, the contract promotes self-reliance in defence and is expected to benefit over 125 Indian vendors and DPSUs.
Boosting MSME Participation In Defence Sector: Defence And Technology Expo Returns To Chennai For Its Second Edition swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Boosting Atmanirbharta In Defence: Army Orders Made-In-India Weapons Worth Rs 7,300 Crore Utilising Emergency Purchase Powers swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
While negotiations over the Predator had proceeded since 2016, the purchase had still not received Acceptance of Necessity clearance by the Ministry of Defence. Another stumbling block could be the Indian Navy's insistence to incorporate 60% indigenous content into the weapon system under the atmanirbharta initiative.
No finance minister in over a decade has ever met the armed forces' expectations for budget allocations – but that has not prevented them from making financially unviable demands on the exchequer.