The Defence Ministry is set to sign the Rs 10,200 crore contract for ammunition for the Pinaka multi-barrel rocket launcher weapon system on Thursday with Solar Industries, Nagpur and public sector firm Munitions India Limited (MIL).
The Indian Army project to buy the Rs 10,000 crore plus ammunition including the Area Denial Munitions and Pinaka Enhanced Range rockets was cleared by the Cabinet Committee on Security in a meeting held on Wednesday, defence sources told ANI.
She said, "From being the second largest arms importer in 2015 to 2019, as I said, India is now among the top 25 arms exporters with over 100 companies exporting products like BrahMos missiles, Pinaka rocket systems, and Dornier aircrafts."
Amid growing global interest in the indigenous multi barrel rocket launchers, India has started the supply of the highly capable Pinaka rockets to Armenia.
The Defence Research and Development Organisation successfully completed the first flight test of the Guided Pinaka Weapon System, the Ministry of Defence confirmed on Thursday.
In what could be a major success for the 'Make in India' scheme in the defence sector, a top French Army officer said that they were evaluating the Indian Pinaka multi-barrel rocket launcher systems for their requirements.
The systems are part of the Indian weapon platforms and technologies on display at the India pavilion at the ongoing Eurosatory 2024 Defence Show in Paris.
EUROSATORY 2024 defence show in France showcasing Indian products like the Pinaka multi-barrel rocket launcher system and the LCA Tejas fighter aircraft.
In what could be a significant success for indigenous weapon systems, two South American countries have shown interest in the Pinaka multi-barrel rocket launchers. The Defence Research and Development Organisation (DRDO) is also developing rockets that would be able to strike targets at 1