Breaking news
India MoD cleared purchase of 363 new BMP-2 IFVs and two Pinaka MLRS regiments.
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Defence & Security News - India
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| India MoD cleared purchase of 363 new BMP-2 IFVs and two Pinaka MLRS regiments | |||
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The Indian defence ministry on Thursday, Oct. 29, cleared new military modernisation proposals worth over $1.8 bn (Rs 12,000 crore), ranging from the acquisition of two additional regiments of the indigenous Pinaka multiple-launch rocket systems to the production of 363 BMP-II infantry combat vehicles by the Ordnance Factory Board.
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 The Indian MoD cleared purchase of two new regiments of Pinaka MLRS systems |
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The defence acquisitions council (DAC) also “amended” the ”acceptance of necessity” (AoN) granted for the production of 363 BMP-II infantry combat vehicles by the Ordnance Factory Board under licence from Russia at a cost of Rs 1,800 crore ($275 mn). The modified AoN – which signifies the approval for theprocurement process to kick off — is now for the acquisition of 149 BMP-IIs at a cost of Rs 924 crore ($141 mn) for the Army. Both these decisions come just a day before Parrikar leaves for a visit to Russia on Friday evening.
The DAC also cleared two more Pinaka MLRS regiments for the Army, at a cost of Rs 3,306 crore ($506 mn), to add to the two such regiments the force already has to plug gaps in its medium-range, high-volume firepower. With a strike range of 40-km, the Pinaka MLRS are manufactured by the Tatas and L&T based on technology developed by DRDO. The Rs 1,800 crore ($275 mn) case for “digitization” of 25 firing units of the Pechora surface-to-air missile system was also approved by the DAC. This will ensure that the ageing Pechora system, which has a range of 30-km, can be used by the IAF for another decade or so. |
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