India's Ministry of Defence announced on 31 August that it has signed contracts with Indian companies for supplying Pinaka MRLS Regiments to the Indian Army. The Ministry sees in these contracts a boost for the "Make in India" initiative.
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"Providing further boost to the ‘Make in India’ initiative of Government of India in the Defence Sector, Acquisition Wing of Ministry of Defence (MoD) has today signed contracts with M/s. Bharat Earth Movers Ltd. (BEML), M/s. Tata Power Company Ltd. (TPCL) and M/s. Larsen & Toubro (L&T) for supply of Six Pinaka Regiments to the Regiment of Artillery of the Indian Army at an approximate cost of Rs. 2580 Crores [$353.5 million]," said the Press Information Bureau of the Ministry.
The press office said that the deliveries of the Six Pinaka Regiments is planned to be completed by 2024 and that it will be operationalised along India's Northern and Eastern Borders so as to further enhance the operation preparedness of the Indian Armed Forces.
"The Pinaka Multiple Launch Rocket System (MLRS) has been indigenously designed and developed by DRDO and produced by the above mentioned defence industries. This is a flagship project showcasing public private partnership under the aegis of Government of India (DRDO & MoD) enabling “Aatmnirbharta” in cutting edge Defence t technologies," added PIB in its release.
