What Happened
Defence Ministry Signs Deals with Tata and NIBE for Army Procurement
The Indian defence ministry has signed contracts worth approximately Rs 1,577 crore with Tata Advanced Systems Limited and NIBE Private Limited for the procurement of loiter munition systems for the Army. The system is designed to enhance the Army’s operational effectiveness and is part of efforts to modernise its combat capabilities. The procurement is being undertaken under the Buy (Indian) category through the fast track procedure, according to a statement issued by the ministry of defence. This development was first reported by Times of India.