Foreign firms allowed in Indian FICV tender for $ 8 billion

Loitering ammunition for beyond line of sight targeting and mini UAV’s for tactical surveillance are part of the needs specified by the FICV project . Some 1750 FICV are planned.

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Foreign OEM’s and Indian industry gain from policy shift

The policy aims to promote ‘Make in India’ as OEM’s which transfer technology to Indian companies will gain under the new policy while those who can move their manufacturing plants to India will get priority.

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