ToT to boost “Make in India’ initiative
The Ministry of Defence has signed a US$248 million contract with Rosoboronexport (RoE), Russian Federation, for procurement of 1000 HP Engines for T-72 Tanks in fully formed, completely knocked down and semi knocked down conditions.
The deal also includes Transfer of Technology (ToT) from RoE to Armoured Vehicles Nigam Limited (Heavy Vehicle Factory), Avadi, Chennai, for integration and subsequent licensed production of engines under ToT to boost the “Make in India’ initiative in Defence Sector.
T-72 is the mainstay of tank fleet of the Indian Army which is at present fitted with 780 HP Engine. Equipping the existing fleet of T-72 Tanks with 1000 HP Engine will enhance the battle field mobility and offensive capability of Indian Army, Defence Ministry said on 7 Mar http://avnl.co.in. fiinews.com
