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Ministry of Defence Contests Media Reports on Lack of Progress on Contracts

More than 180 contracts valued over Rs 1,96,000 crore signed with Indian Defence Industry since 2014 says Ministry Press Release

Coming out strongly against some media reports that there were limited contracts that were signed in the past five years plus, a press release from the Ministry of Defence stated that it has signed more than 180 contracts valued at over Rs 1,96,000 crore with the Indian Industry since 2014 while a few are in the pipeline to be signed in near future.

Listing these the Press release stated-

A contract for manufacture of Frigates under Project P 17A was signed in February 2015 with Mazagon Dockyards Limited (MDL), Mumbai valued at Rs. 45,000 crores while 02 Frigates under Project P1135.6 are slated to be manufactured by Goa Shipyard Limited (GSL) under a contract signed in Oct 2018 valued at Rs. 14,100 Crore...............

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