UPDIC is a flagship project that intends to establish manufacturing defence industries in the state. India aims to emerge as a major aerospace and defence market with over USD 250 billion by 2025.
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“We could export defence equipment to other countries under the ‘Make in India’ scheme, and to enable this, the government is focusing on innovative solutions.”
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“The erstwhile OFB, with its infrastructure and skilled manpower, was a strategic asset but there were concerns of the Armed Forces regarding high costs, inconsistent quality and delays in the supply of weapons and equipment.”
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The company said, the production of the Carl-Gustaf M4 weapons system will start in 2024. Since the war in Ukraine, there has been a rise in interest in the Carl-Gustaf armament system, which can be used against tanks.
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“The continuously changing global situation has raised the demand for military hardware as nations focus on strengthening their security systems to handle new challenges”
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Government permission sought for 100 per cent FDI, as OEMs seek clarity on whether foreign-owned Indian companies can bid for Make in India Defence procurement programmes
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Systems will be deployed at the northern borders along the Line of Actual Control (LAC) in response to hostile China. The new contract for 100 additional 155mm/52 calibre Vajras will be produced at L&T's factory in Gujarat.
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They explored new bilateral defence industrial collaboration prospects and would strengthen New Delhi's role as a regional security provider.
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