Defence ministry signs contract to procure 6 air cushion vehicles

Quick Summary:

The defence ministry on Thursday signed a contract with a private firm to procure six Air Cushion Vehicles for the Indian Coast Guard at a total cost of Rs 387.44 crore.

The Ministry of Defence "signed a contract with Chowgule & Company Pvt.Ltd., Goa for procurement of six Air Cushion Vehicles (ACVs) for the Indian Coast Guard at a total cost of Rs 387.44 crore," it said.

These ACVs will be manufactured in India for the "first time in line with the 'Aatmanirbhar Bharat' vision of the government, representing a pivotal step in the nation's shipping landscape," it said.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Defence ministry Defence procurement Air cushion vehicles Military procurement

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 18:15:26 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 292 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23224518

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