Question
The Ministry of Defence, signed a landmark contract with
Bharat Electronics Limited (BEL), for procurement of Electronic Fuzes for the Indian Army for a period of 10 years, at a total cost of __________ .Solution
The Ministry of Defence has signed a landmark contract with Bharat Electronics Limited (BEL), Pune for procurement of Electronic Fuzes for the Indian Army for a period of 10 years, at a total cost of Rs 5,336.25 crore. This contract has been signed for ammunition procurement under ‘Manufacture of Ammunition for Indian Army by Indian Industry’, a Government initiative for long term requirement of 10 years. The aim of the project is to build up ammunition stocks to minimise imports, achieve self-sufficiency in ammunition manufacturing, obtain critical technologies and secure stock affected by supply chain disruption.
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