The Defence Ministry on Thursday signed a contract worth Rs 2,500 crore for the procurement of Nag Missile System (NAMIS) Tracked version of anti-tank weapon platform and 5,000 light vehicles for the Armed Forces.
These contracts under Buy (Indian-Indigenously Designed, Developed and Manufactured) category were inked in the presence of Defence Secretary Rajesh Kumar Singh here, a Defence Ministry statement said.
The government has signed the deals with Armoured Vehicle Nigam Limited and Force Motors Ltd and Mahindra & Mahindra Ltd.
The total cost of contract for the procurement of NAMIS (Tr) weapon system, developed by Defence Research & Development Laboratory of DRDO, is Rs 1,801.34 crore. It marks a significant milestone in the modernisation of the anti-tank capability of Mechanised Infantry, enhancing Indian Army’s operational readiness across a varied spectrum of operations.
It is one of the most sophisticated anti-tank weapon system against enemy armour with fire-and-forget anti-tank missile and sighting system for enhanced firepower and lethality. The weapon system is set to transform the conduct of mechanised operation and offer operational advantage against the adversary.
Meanwhile, the light vehicles are designed as per contemporary vehicle technology with enhanced engine power to cater to a payload of 800 kgs. It will provide mobility to the Armed Forces in all types of terrain and operational conditions.
Both procurements will enhance indigenisation and national defence equipment manufacturing capabilities. The projects have immense potential of direct and indirect employment generation by encouraging the MSME sector through components’ manufacturing.
