India concludes naval exercise with Mozambique, Tanzania
The second edition of India-Mozambique-Tanzania Trilateral Exercise concluded at Nacala, Mozambique on Thursday.
The second edition of India-Mozambique-Tanzania Trilateral Exercise concluded at Nacala, Mozambique on Thursday.
Chief of Defence Staff Gen Anil Chauhan will chair the sessions, while Defence Secretary Giridhar Aramane will deliver the keynote address.
Out of the six vessels being procured, four would replace the existing aging OPVs and the other two would augment the ICG fleet.
The landmark contract signed with the BEL, Pune for procurement of electronic fuzes for the Indian Army for a period of ten years at a cost Rs 5,336.25 crore.
All the procurements will be made from Indian vendors under the Buy (Indian-Indigenously Designed Developed and Manufactured (IDMM)/Buy (Indian) category.
The contract for the indigenously designed and constructed by the Hindustan Shipyard Limited (HSL), Visakhapatnam was made at an overall cost of about Rs 19,000 crore.
The value of defence production will go further up once the data is received from the remaining private defence industries, the MoD said Thursday.
The DPSUs will undertake indigenisation of these items through different routes under ‘Make’ category and in-house development through the capabilities of MSMEs and private Indian industry.
The project is under the Buy {Indian– IDMM (Indigenously Designed Developed and Manufactured)} category comprising contemporary and niche technologies.
Uzbekistan is the current chair of SCO 2022 whereas India will be the next chair of the SCO.