The Indian Ministry of Defence (MoD) recently signed contracts worth Rs 10,147 crore to boost the firepower of the Indian Army. These agreements involve the procurement of advanced munitions for the indigenously developed PINAKA Multiple Launch Rocket System (MLRS). The contracts were signed with Economic Explosives Limited (EEL) and Munitions India Limited (MIL). Additionally, software upgrades were contracted to Bharat Electronics Limited (BEL). This initiative is step in the modernisation of India’s defence capabilities.
Overview of the Contracts
The contracts signed by the MoD involve two types of munitions:
Significance for National Defence
Indigenous Development and Industry Impact
The MoD’s procurement strategy prioritises indigenous development. Collaborations with private companies like Bharat Forge and Tata Group are expected to strengthen domestic manufacturing. This approach not only enhances military capabilities but also promotes economic growth by encouraging local industries.
Leave a Reply