NEW DELHI (PTI): The defence ministry said it has finalised a contract with Mahindra Defence Systems Ltd (MDSL) to procure 1,300 light combat vehicles for the Indian Army at a cost of Rs 1,056 crore.
The induction of the vehicles is planned to be completed in four years.
"Providing further boost to 'Make in India', the Ministry of Defence (MoD) signed a contract with MDSL for supply of 1,300 light specialist vehicles to the Indian Army," the ministry said on Monday.
"The light specialist vehicle is a modern fighting vehicle and will be authorised to various fighting units for carriage of medium machine guns, automatic grenade launchers as well as anti-tank guided missiles," it said in a statement.
The vehicle is indigenously designed and developed by MDSL.
The ministry said the vehicles are extremely agile with all-round protection against small arms fire and they will assist small independent detachments.
"This is a flagship project showcasing the indigenous manufacturing capabilities of the defence industry and will add another milestone to the 'Atmanirbhar Bharat Abhiyaan' and 'Make in India' initiative of the government," the ministry said in a statement.
In the last few months, the ministry finalised a range of procurement projects for the three forces to enhance their overall combat capabilities.
Defence ministry seals deal with Mahindra Defence for procurement of 1,300 combat vehicles
Other Related News
MQ9 B drone sales to India enters next step as Congressional notification completes 30 days
The sale of 31 MQ9-B SkyGuardian Drones to India is expected to be fast-tracked now that the major hurdle of mandatory 30 days of Congressional notification is likely to pass without any objection from the lawmakers on Sunday, but for the routine procedural matters posed by the upcoming general elections.
The Indian Air Force, in its flight trials evaluation report submitted before the Defence Ministry l..
view articleAn insight into the Medium Multi-Role Combat Aircraft competition...
view articleSky enthusiasts can now spot the International Space Station (ISS) commanded by Indian-American astr..
view article