Indian Army calls upon domestic firms for critical equipment procurement

The Indian Army issued an invitation to domestic defence companies to submit bids for vital supplies and equipment. These companies have been asked to submit bids for the army's requirements for weapons, missiles, drones, counter-drones, loiter munition, communication and optical systems, specialised vehicles, engineering tools, and renewable energy sources.

The Army also explained that the purchase procedure would proceed at a hurried pace. Indian businesses will have access to the procurement window for six months, and they will be required to deliver the equipment within a year of the contract's signature. The procurement cases will be based on open tender inquiries.

This development comes after the Defence Procurement Council's approval in June of capital acquisition requests from the Armed Forces totaling Rs. 76,390 crore (US$ 958.95 million) for the "Buy (Indian)," "Buy & Make (Indian)," and "Buy (Indian-IDDM)" categories.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.