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| BAE Systems M777 Howitzer |
Vivek Raghuvanshi
NEW DELHI – India cleared the purchase of 145 Ultra Light Howitzers at a cost of around $750 million from US, as well as bulk production of home-grown 18 Dhanush artillery guns and several other defense deals.
Defense Minister Manohar Parrikar, who chaired the June 25 Defence Acquisition Council (DAC), reviewed multiple defense proposals, including new defense schemes valued at $4.1 billion, a Ministry of Defense (MoD) official said.
Earlier this month, US issued a letter of acceptance, and today DAC reviewed the terms and conditions and approved the program. MoD will soon send India's response and the process for the payment of the first installment will begin.
BAE Systems of the US will also discharge offsets valued at $200 million, taken up independently.
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