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Sunday, August 31, 2014

MoD Grounds Rs 6,000-crore Global Chopper Tender

Chinook Mk3Taking cue from Prime Minister Narendra Modi’s Independence Day “Make in India” call, the Defence Acquisition Council (DAC) headed by Defence Minister Arun Jaitley on Friday scrapped the global tender for Rs 6,000-crore Light Utility Helicopters(LUH).

The decision is aimed at giving an opportunity to Indian private sector to collaborate with the foreign firms and produce the choppers within the country.

The DAC also cleared defence purchases worth Rs 20,000 crore, including the mid-life upgrade of the aging fleet of submarines for Rs 4,800 crore and procurement of 118 Arjun Mk II tanks for Rs 6,600 crore.

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