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December 7, 2018 | International, Naval, Land

India’s MoD approves procurements worth USD427 million

India's Ministry of Defence (MoD) approved INR30 billion (USD427 million) worth of procurements of locally made equipment for the Indian Navy (IN) and Indian Army (IA) on 1 December.

The Defence Acquisition Council (DAC), headed by Defence Minister Nirmala Sitharaman, sanctioned the acquisition of an undisclosed number of BrahMos supersonic cruise missiles to arm two Admiral Grigorovich (Project 11356M)-class stealth frigates that are under construction in Russia, according to a statement by the Indian government's Press Information Bureau (PIB).

Being procured for USD950 million, the two frigates, which are scheduled for delivery to the IN in 36 and 48 months, will be supplemented by two similar platforms set to be built by the state-owned Goa Shipyard Limited (GSL) under a transfer of technology agreement.

https://www.janes.com/article/84967/india-s-mod-approves-procurements-worth-usd427-million

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