India approves acquisition of defence equipment worth $431 million

Sat Dec 01 2018
Rajesh Sharma (2070 articles)

NEW DELHI (Reuters) – India has approved the acquisition of defence equipment worth about 30 billion rupees ($ 431 million), the government said in a statement on Saturday.

The Defence Acquisition Council approved the procurement of supersonic cruise missile BrahMos for two Indian navy ships, which it said will form the primary weapon on-board the ships.

The government also approved procurement of armoured recovery vehicles for the Indian army’s main battle tank.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.