Under the contract, BEL will produce a major portion of the multifunction active electronically scanned array naval radar system and the rest of the weapon control systems.
Despite a robust push by the National Democratic Alliance to kick start the Make in India defense programs, the highest decision-making body of the Ministry of Defence, the Defense Acquisition Council, on Monday failed to formalize the much awaited Strategic Partners policy that aims to roll out all big-ticket defense programs in India.
In the first Howitzer order to a domestic private sector company, the Indian Ministry of Defence signed a $700 million contract defense company Larsen & Toubro (L&T). L&T will produce 100 155mm /52 caliber tracked Howitzer guns at Indian facilities for the Indian Army jointly with Hanwha Tech Win of South Korea.
In a move aimed at becoming more self-sufficient with multi-barrel rocket launchers, the Indian Ministry of Defence has floated a big-ticket bid to buy six regiments of homemade Pinaka multi-barrel rocket launchers for $2 billion.
The new venture, named Punj Lloyd Raksha Systems, was formally opened last week, and its expected to tap a solid chunk of India's small arms market estimated at more than $5 billion.
Currently no defense company in India can build LPD vessels alone. To execute the LPD program, L&T has teamed with Navantia of Spain while RDEL has forged a partnership with DCNS of France.
Experts disagree over the state of India-U.S. defensive and strategic ties under the Trump administration, with one asserting "the warmth seen under [the] Obama administration is missing," and another claiming that "there is no indication of major deviances from the Obama administration."
The British company would have to be prepared to assist India in its jet engine development program for future indigenous fighters, an Indian Ministry of Defence source said.
The Indian Army is seeking major structural and design changes in the homegrown Arjun Mk-2, but the state-owned Defence Research and Development Organization says the "changes" could take up to seven years, causing a delay in the induction schedule.