MoD Signs Rs 25 Bn Contracts for 5,000 Light Vehicles
ECONOMY & POLICY

MoD Signs Rs 25 Bn Contracts for 5,000 Light Vehicles

The Ministry of Defence (MoD) has signed contracts worth Rs 25 billion for the procurement of the Nag Missile System (NAMIS) Tracked version of the anti-tank weapon platform and 5,000 Light Vehicles for the Armed Forces. The contracts, awarded under the Buy (Indian-Indigenously Designed, Developed, and Manufactured) category, were formalised in the presence of Defence Secretary Shri Rajesh Kumar Singh in New Delhi on March 27, 2025.

NAMIS (Tr) – Advanced Anti-Tank Weapon System The NAMIS (Tr) weapon system, developed by the Defence Research & Development Laboratory (DRDL) of DRDO, has been procured at a cost of Rs 18.01 billion. This advanced system significantly enhances the Indian Army’s mechanised infantry capabilities, improving operational readiness across diverse combat scenarios. Featuring a fire-and-forget anti-tank missile and an advanced sighting system, NAMIS (Tr) provides enhanced firepower and lethality against enemy armour, offering a decisive operational advantage.

Procurement of 5,000 Light Vehicles Contracts were awarded to Force Motors Ltd. and Mahindra & Mahindra Ltd. for the procurement of 5,000 modern light vehicles. Designed with cutting-edge automotive technology, these vehicles boast enhanced engine power and can carry payloads of up to 800 kg. Built for all-terrain mobility, they will bolster troop movement and logistics capabilities in diverse operational environments.

Boosting Indigenisation & Employment Both procurements strengthen India’s self-reliance in defence manufacturing and contribute to the growth of indigenous industries. The projects also hold immense potential for direct and indirect employment generation, especially by encouraging MSMEs involved in components manufacturing.

This strategic move marks a pivotal step in modernising India’s defence infrastructure, reinforcing the nation’s commitment to Aatmanirbhar Bharat while ensuring a technologically advanced and self-sufficient military.

The Ministry of Defence (MoD) has signed contracts worth Rs 25 billion for the procurement of the Nag Missile System (NAMIS) Tracked version of the anti-tank weapon platform and 5,000 Light Vehicles for the Armed Forces. The contracts, awarded under the Buy (Indian-Indigenously Designed, Developed, and Manufactured) category, were formalised in the presence of Defence Secretary Shri Rajesh Kumar Singh in New Delhi on March 27, 2025. NAMIS (Tr) – Advanced Anti-Tank Weapon System The NAMIS (Tr) weapon system, developed by the Defence Research & Development Laboratory (DRDL) of DRDO, has been procured at a cost of Rs 18.01 billion. This advanced system significantly enhances the Indian Army’s mechanised infantry capabilities, improving operational readiness across diverse combat scenarios. Featuring a fire-and-forget anti-tank missile and an advanced sighting system, NAMIS (Tr) provides enhanced firepower and lethality against enemy armour, offering a decisive operational advantage. Procurement of 5,000 Light Vehicles Contracts were awarded to Force Motors Ltd. and Mahindra & Mahindra Ltd. for the procurement of 5,000 modern light vehicles. Designed with cutting-edge automotive technology, these vehicles boast enhanced engine power and can carry payloads of up to 800 kg. Built for all-terrain mobility, they will bolster troop movement and logistics capabilities in diverse operational environments. Boosting Indigenisation & Employment Both procurements strengthen India’s self-reliance in defence manufacturing and contribute to the growth of indigenous industries. The projects also hold immense potential for direct and indirect employment generation, especially by encouraging MSMEs involved in components manufacturing. This strategic move marks a pivotal step in modernising India’s defence infrastructure, reinforcing the nation’s commitment to Aatmanirbhar Bharat while ensuring a technologically advanced and self-sufficient military.

Next Story
Infrastructure Urban

FIMI seeks urgent RoDTEP extension for aluminium exporters

"The Federation of Indian Mineral Industries (FIMI) has urged the Ministry of Commerce and Industry to extend the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme for aluminium-producing units operating under Advance Authorisation (AA), Export Oriented Units (EOUs), and Special Economic Zones (SEZs).This appeal follows a similar request made by the Aluminium Association of India (AAI) to the Ministry of Finance, citing the need to safeguard the competitiveness of nearly 45 per cent of India’s aluminium exports originating from AA/EOU/SEZ units.In a letter to Commerce Secretary..

Next Story
Real Estate

Mumbai logs over 12,000 property deals in April; revenue nears Rs 9.9 bn

Mumbai (BMC limits) is set to clock over 12,142 property registrations in April 2025, contributing more than Rs 9.9 billion in state revenue, according to Knight Frank India. This marks the city’s strongest April performance in 13 years, registering a 4 per cent year-on-year rise in volumes. However, stamp duty revenue dipped by 6 per cent during the same period.Residential transactions continue to dominate, accounting for 80 per cent of total registrations. Notably, premium housing gained momentum, with the share of properties priced above Rs 2 crore rising from 22 per cent to 25 per cent, ..

Next Story
Real Estate

MHADA to issue redevelopment NOCs within 6 weeks: Jaiswal

In a major boost to Mumbai’s redevelopment momentum, Mr. Sanjeev Jaiswal, IAS, Vice President and CEO of MHADA, announced that No Objection Certificates (NOCs) for the redevelopment of old cessed buildings submitted under Section 79A(1a) or 79A(1b), along with 51 per cent resident consent, will be issued within six weeks. The directive, declared at MHADA’s 2nd Redevelopment Conference and Investors Summit, brings these approvals under the Right to Service Act. If delayed beyond the stipulated timeframe, the NOC will be deemed approved.The event, held at MIG Club, Bandra (East), brought tog..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?