MoD inks offers price ₹10,000-crore to spice up military’s firepower
The defence ministry on Thursday stated it has signed two contracts price ₹10,147 crore to obtain ammunition for the military’s indigenous Pinaka multi-launcher rocket system, giving a lift to self-reliance in defence manufacturing.
The contracts had been signed with Nagpur-based non-public agency Financial Explosives Restricted and Pune-based Munitions India Restricted for space denial munition and enhanced vary rockets after the Cupboard Committee on Safety (CCS) cleared the procurement final week.
“The realm denial munition has a specialised warhead to ship a quantum of sub-munitions over a bigger space concentrating on mechanised forces, autos and personnel, thereby denying particular areas to the enemy. The rockets have enhanced vary to strike deep into enemy territory with precision and lethality,” the ministry stated in an announcement.
The procurement marks a major milestone in modernising artillery rocket regiments and bolstering the military’s firepower, it added.
The Pinaka rocket system was among the many weapons displayed on the 76th Republic Day parade, alongside T-90 tanks, BMP-II Sarath infantry fight autos, BrahMos supersonic cruise missile, BM-21 Agnibaan multiple-barrel rocket launcher and Akash weapon system.
“Past enhancing nationwide defence capabilities, these tasks have immense potential of direct and oblique employment era by encouraging the Indian MSME sector by means of elements’ manufacturing. The procurement marks a pivotal step in direction of modernising India’s defence infrastructure and empowering indigenous industries,” the assertion stated.
Munitions India Restricted is one in all seven defence corporations carved out of the erstwhile Ordnance Manufacturing unit Board in 2021 as a part of its corporatisation to spice up effectivity and competitiveness in defence manufacturing.
India goals for a turnover of ₹1.75 lakh crore in defence manufacturing in 2024-25. The nation has taken a number of measures to spice up self-reliance, together with phased import bans on weapons and methods, making a separate funds for native navy {hardware}, growing international direct funding from 49% to 74% and bettering ease of doing enterprise.
On February 1, India allotted ₹6.81 lakh crore for defence within the Union Funds, together with ₹1.8 lakh crore for navy modernisation. The purchasing listing consists of fighter jets, helicopters, warships, submarines, tanks, artillery weapons, drones, rockets and missiles.
The federal government earmarked 75% of the modernisation outlay for home procurement to spice up self-reliance, matching final 12 months’s allocation for native sourcing.
