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MoD to fast-track FICV project

The Ministry of Defence (MoD) has decided to fast track the long-pending ‘Make in India’ project to manufacture 2610 Future Infantry Combat Vehicles (FICVs) for the Army at an estimated cost of about Rs 60000 Crores. Out of five private contenders in the competition, two contenders will be selected to design and build prototypes for the FICVs, apart from the Ordnance Factory Board (OFB). The Government will fund 80% of the development cost which is estimated to be around Rs 3000-4000 Crores and best prototype will then be selected for mass production.The private contenders include L&T, Mahindra, Reliance Defence and two consortiums of Tata Motors-Bharat Forge and Tata Power SED-Titagarh Wagons. The FICVs are basically armoured personnel carriers which are designed to swiftly transport infantry soldiers into the battlefield behind tanks. These carriers are meant to gradually replace the old Russian-origin BMP-II infantry combat vehicles in the Army.

Source: http://www.indiatvnews.com/business/india-centre-plans-to-accelerate-rs-60-000-crore-worth-make-in-india-ficv-project-360533

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