India signed five major defence contracts for procurement of missiles, aero-engines, radars.

India's Defence Ministry signed five capital acquisition contracts worth Rs 39,125 crore, boosting the nation's self-reliance in defense manufacturing. The deals include BrahMos supersonic cruise missiles, ship-borne BrahMos systems, close-in weapon systems, high-power radars, and aero engines for MiG-29 fighter planes. These agreements aim to strengthen India's indigenous capabilities, save foreign exchange, and reduce dependence on foreign equipment manufacturers. The contracts will generate employment opportunities and contribute to the growth of Indian aerospace, defense, and associated industries.

March 01, 2024
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