Defence Ministry inks $248 mn deal for T-72 tank engines, tech transfer

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Defence Ministry inks $248 mn deal for T-72 tank engines, tech transfer - Business Standard

Quick Summary:

"The deal also includes the transfer of technology (ToT) from RoE to Armoured Vehicles Nigam Limited for integration and subsequent licensed production of engines under ToT to boost the Make in India initiative in the defence sector," it said.

The ministry said it has signed a contract worth USD 248 million (approximately Rs 2,156 crore) with Rosoboronexport (RoE) for the procurement of 1,000 HP engines for T-72 tanks "in fully formed, completely knocked down and semi-knocked down conditions".

The defence ministry on Friday said it has inked a USD 248 million deal with Russia's Rosoboronexport for the procurement of engines for T-72 tanks.