September 16, 2024 3:26 PM

Indian Navy eyes three major defence deals worth Rs 1.25 lakh crore by end of fiscal year

The Indian Navy is on course to finalize three significant defence deals, collectively valued at ₹1.25 lakh crore, before the close of the current fiscal year. These agreements are aimed at enhancing the Navy’s surveillance and combat readiness, with the projects focusing on acquiring advanced drones, submarines, and fighter jets. The deals in question include the procurement of 31 MQ-9B drones, three additional Scorpene-class submarines, and 26 Rafale-M fighter jets. The Indian government ...