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Govt. to clear defence procurements worth Rs 5200 Crores

The Government is set to clear two major defence procurements from Russia which includes comprehensive upgrade and enhancement of the air force's transport fleet of IL 78 and 76 aircraft worth Rs 4250 Crores aimed to increase the service life of the aircraft by up to 20 years and purchase of 150 BMP 2/2K armoured fighting vehicles for the Indian Army worth Rs 950 Crores which will be manufactured by the Ordnance Factory Board on license from Russia. These are likely to come up during Defence Ministers visit.

Source:http://economictimes.indiatimes.com/news/defence/defence-ministry-to-clear-military-deals-worth-rs-5000-cr/articleshow/49561226.cms

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