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Modi Government Clears Defence Purchases WorthRs. 20,000 Crore
Narendra Modi Government Clears Defence Purchases Worth Rs 20,000 Crore
NEW DELHI: In keeping with Prime Minister Narendra Modi's "Make in India" promise made from the ramparts of the Red Fort, the Centre opened defence manufacturing to the private sector on Friday and cleared purchases to the tune of Rs.20,000 crore.
Plans to buy 197 Light Utility helicopters from foreign vendors have been scrapped. The helicopters will now be made in India, generating business of around Rs. 40,000 crore for Indian businessmen.
The government also cleared the purchase of 16 Multi-Role Helicopters at a cost of Rs. 1800 crore for the Navy.
The mid-life upgrade of six submarines -- four of them Russia-built Kilo Class submarines and two German-built HDW submarines (Howaldtswerke-Deutsche Werft) will also be carried out in India. The cost will come up to around Rs. 4,800 crore.
The Centre has also cleared the purchase of Integrated Anti- Submarine Defence Suits for 11 frontline warships at a cost of Rs. 1,770 crore. These would also be procured from Indian manufacturers.
Besides, a dedicated border communication system for the army - mainly for use on the India-China border - will also be acquired at cost of Rs. 900 crore.
On August 16, launching the new, indigenously built destroyer INS Kolkata, PM Modi said, "My government has taken important steps in improving indigenous defence technology. We dream about making India strong enough to export defence equipment to the world."
Taking a cue from the government, Indian firms are planning to pump money into the defence sector.
Narendra Modi Government Clears Defence Purchases Worth Rs 20,000 Crore