Indian Army orders weapons worth Rs 7300 cr from domestic firms

According to a report by Economic Times, the Indian Army has ordered weapons worth Rs 7,300 crore from domestic manufacturers using emergency power.

In addition, another Rs 7,000 crore worth of orders is in the final stages of procurement and is likely to be completed in the coming weeks.

As per the report, the Indian Army as of now, have contracted 49 schemes worth Rs 7,300 crore and 34 more schemes worth Rs 7,000 crore are in final stages of procurement.

Worth mentioning that most orders placed and those in the final stages were bagged by the Indian private sector.

To be noted that last year, the Defence Acquisition Council (DAC) gave powers to the forces to procure equipment worth Rs 300 crore under the emergency powers.

Afterwards, sixty-six schemes worth Rs 6600 Croes were signed for the first three tranches of procurement.

Now, another 34 schemes worth Rs 7,000 Crores are in the final stages, and the trials and selection were done by “proactively engaging with the industry”.