The Indian Ministry of Defence (MoD) has signed more than 180 contracts in the past five years, the Indian Ministry of Defence (MoD) said on 5 December.
In a press release intended to highlight the government's accelerated efforts to modernise the Indian armed forces, the MoD said these deals have a combined value of INR1,960 billion (USD27.5 billion).
The MoD highlighted as its biggest contract since 2014 its deal - signed in 2015 with two public-sector shipyards Mazagon Dockyards and Garden Reach Shipbuilders & Engineers - to build seven P-17A frigates worth INR450 billion.
Other major contracts include orders with Hindustan Aeronautics, made in March 2017 and December 2017, for more than 70 Dhruv Advanced Light Helicopters worth INR141 billion, and the deal, signed in November this year, with the Ordnance Factory Board to licence-build 464 additional T-90S main battle tanks.
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