India on Tuesday signed an agreement with US-based defence firm Sig Sauer for procuring 72,400 assault rifles, at a total cost of Rs 647 crore, through the fast track mode.
The 7.62x51 mm Sig Sauer rifles would replace the 5.56x45 mm Insas rifles being used by the Indian defence forces. The time frame for the supply of the whole consignment is 12 months from the signing of contract, officials said.
The Defence Acquisition Council (DAC), headed by the Defence Minister, had accorded the Acceptance of Necessity (AoN) for the rifles on January 16 last year.
Looking for a rifle that would be "compact, robust, modern in technology and simple to maintain in field conditions", the Army had rejected the assault rifle made by the state-run Ishapore Rifle Factory after they badly failed in the firing tests.
Of the new rifles, the Army would get the bulk of 66,400, while the Navy will get 2,000 and the Air Force 4,000.
--IANS
mak/vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
