The Ministry of Defence signed contracts worth approximately Rs 1,577 crore
GS3Economy · S&T · Environment · Security· Defence technology· Prelims·
Why in news
The Ministry of Defence signed contracts worth ₹1,577 crore with private firms for Loiter Munition Systems to enhance artillery precision and promote indigenous manufacturing.
Background
The Ministry of Defence signed contracts with Tata Advanced Systems Limited and NIBE Private Limited for Loiter Munition Systems. The procurement is valued at approximately Rs 1,577 crore and is executed under the 'Buy (Indian)' category via the Fast Track Procedure.
Facts for Prelims
- S&TLoiter Munition Systems: Autonomous drones designed to hover over a target area before striking.
- FactContract value: Approximately Rs 1,577 crore.
- BodyTata Advanced Systems Limited and NIBE Private Limited are the private entities contracted for the munitions.
- FactProcurement Category: 'Buy (Indian)' category aims to prioritize domestic production.
For Mains
Q. Discuss the significance of the 'Buy (Indian)' policy in achieving the objectives of Atmanirbhar Bharat in the defence sector.
Dimensions to cover in your answer
- indigenous manufacturing growth
- reduction in import dependency
- technological sovereignty
- fast-track procurement efficiency
Keywords: Atmanirbhar Bharat · indigenous production · operational readiness · Fast Track Procedure · defence procurement
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