Indian Navy Concludes First Contract Under Buy and Make (Indian) Category
A contract between Nova Integrated Systems Ltd and Indian Navy for procurement of Surface Surveillance Radars (SSR) has been concluded today. This is the first contract concluded under the Buy and Make (Indian) Category, in line with the Government’s ‘Make in India’ initiative. Nova Integrated Systems Ltd, a fully owned subsidiary of Tata Advanced System Ltd, would indigenously manufacture these state-of-the-art radars in collaboration with Terma, Denmark. This contract marks the entry of Indian Private Industry in production of hi-tech sensors for the Indian Navy. Procurement of SSR is a part of Indian Navy’s Plan for modernisation of its Fleets, and these radars would also be installed onboard the ships under construction. The government’s drive to modernise the Armed Forces and build an Indian Defence Industrial Base with participation of Private Industry gets a major boost with the signing of this contract today.