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By VIVEK RAGHUVANSHI
NEW DELHI — After failing to buy sound ranging systems (SRS) from the global market, India’s Defence Ministry will send a fresh tender next month to domestic companies only.
The indigenous firms include state-owned Bharat Electronics Ltd. (BEL) and Electronics Corporation of India (ECIL), which in turn will tie up with overseas companies to supply 34 of the systems at a cost of more than US $120 million, said Defence Ministry sources.
The first tender was canceled in 2008 because none of the bidders could meet requirements.
Read the full story at DefenseNews