Indian Navy to Finalize ₹1.25 Lakh Crore Defense Deals

2 Dec 2024 , 05:48 PM

Indian Navy Approaches Finish Line Of The three Significant Defense Deals Estimated Worth To Cross ₹1.25 lakh crore by this End. They consist of purchase order of 31 MQ-9B drones, three additional Scorpene submarines and 26 Rafale-M fighter jets.

“The process has moved on to final rounds on negotiations of further addition in form of Scorpene-class submarines and in regards of acquiring of additional jets,” Admiral Dinesh K Tripathi told on this subject. These defense deals would be sealed within the next two months.

Bharat Electronics Limited (BEL) will play a big role in Scorpene submarine project. Building of submarines will take place jointly between French Naval Group and Mazagon Dock. The re-submitted bid for Scorpene submarine project is around ₹ 40,000 crore.

The submarines will be carrying the latest technology along with an Indian combat management system, which would enhance the naval capabilities of India. Such strategic acquisitions would help in the strengthening of India’s defense infrastructure and even upgrade its operational readiness.