Indian private companies would have to forge a joint venture with foreign firms for the purpose of manufacturing specific products with complete transfer of technology. The foreign firms, however, would not hold a majority stake in such joint ventures.
New Delhi (Sputnik) — The Indian Army has selected eleven priority defense projects worth $2.8 billion to be awarded to the private sector, in what is being seen as a bid to hasten the plugging of critical shortage.
The contracts mainly comprise development and manufacturing of arms and equipment including short range unmanned aerial vehicles, advanced robotic surveillance systems, 1200-1500 HP modular engine for tank T-90 S/SK, and third generation missile for 125mm gun barrels of T-90 And T-72 Tanks. The biggest of the contracts is the manufacturing of modular engine for T-90 tanks. The project alone is pegged at $1.5 billion.
Development of short-range remotely piloted aircraft system has an indicative cost of approximately $350 million. The Indian Army wants to purchase the robotic surveillance platform for the Rashtriya Rifles battalions which primarily tracks terrorist hide-outs in urban or built up areas.











