India has signed a contract with a US firm under
fast track procurement (FTP) for 72,400 Assault rifles. The assault rifles will
replace the Indian National Small Arms System (INSAS) rifles.
Fast Track Procedure (FTP) was promulgated by
the Ministry of Defence in 2001. The objective of the procedure is to ensure expeditious procurement for urgent
operational requirements for the armed forces.
has also issued Expression of Interest (EoI) for a deal to buy naval utility helicopters
which would replace Chetak fleet of helicopters. This is the first project
under India’s strategic partnership policy. Under this, an Indian private
company would collaborate with the Original Equipment Manufacturer to build the
defence product in India.