What is the value of the contract signed by the Ministry

Solution

•     The Ministry of Defence signed a Rs 1,752.13-crore contract with Advanced Weapon Equipment India Limited (AWEIL), a Kanpur-based firm for manufacturing and supply of 463 indigenously built 12.7 mm stabilised remote control guns for the Indian Navy and the Indian Coast Guard. •     This contract will also open up a large avenue in defence manufacturing for over 125 Indian vendors and Defence PSUs for over a period of five years. •     These guns will enhance the capability of the Navy and the Coast Guard to accurately engage small targets that pose a threat to ships in an asymmetric environment, both by day and night.