Daily Archives: March 1, 2024

India awards defence contracts worth $469.5 million to local defence companies

Self-reliance in defence: In a significant boost to the local defence and aerospace companies under Prime Minister Narendra Modi’s Make in India initiative, the Ministry of Defence (MoD) signed five major capital acquisition contracts worth $469.5 million on Friday (March 1, 2024) in New Delhi. The contracts were exchanged in the presence of defence minister Rajnath Singh and Defence Secretary Giridhar Aramane.