The Army is in the process of procuring Spike-LR Anti-Tank Missiles from Israel and Igla-S VSHORAD from Russia through a set of new financial powers for emergency procurements.
About:
Earlier this month, the Ministry of Defence sanctioned New emergency Financial powers to the three armed forces.
Under the latest emergency financial powers, armed forces have been given a free hand to procure critical equipment worth up to ₹300 crore on a priority basis.
Entirely new systems not in use can also be procured under the new powers.
Under this route, the Request For Proposal (RFP) for the 2 deals have been issued and negotiations are ongoing. These 2 deals are procuring Spike-LR Anti-Tank Missile from Israel and Igla-S Very Short Range Air Defence Systems (VSHORAD) from Russia.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
