New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.
Defence Ministry inks Rs 19,000 crore contract with HSL for five Fleet Support Ships for Indian Navy
New Delhi: The Ministry of Defence on Friday signed a contract with Hindustan Shipyard Limited (HSL), Visakhapatnam for the acquisition of five Fleet Support Ships (FSS) for the Indian Navy at an approx. overall cost of Rs 19,000 crore.
45 defence sector companies/JVs operating with foreign OEMs have govt approval
New Delhi/IBNS: The government has given approval to 45 companies/JVs operating in the defence sector with foreign OEMs.