You are here: Home » PTI Stories » National » News
Business Standard

Govt clears Rs 1,500 crore proposal for Pinaka rockets

Press Trust of India  |  New Delhi 

To enhance the Army's firepower, the government has approved a Rs 1,500 crore proposal for production of more than 2,000 rockets for the Pinaka multi- barrel weapons system.

The Army requires more than 2,000 of these rockets to equip its 10-12 regiments comprising the Pinaka launchers.

A meeting of the Cabinet Committee on Security (CCS), headed by Prime Minister Manmohan Singh, has given a nod to the proposal moved by the Defence Ministry for upgrading the capabilities of the Ordnance Factory Board (OFB) for producing these rockets, sources told PTI here.

As per the proposal, OFB, under the Department of Defence Production, will upgrade facilities at nine of its factories engaged in the production of Pinaka rockets, they said.

With a focus on indigenisation to avoid scams in acquisition of foreign military hardware, the Defence Ministry has also decided to pump in Rs 15,000 crore to augment domestic military production.

The major plans of OFB include augmentation of production capabilities for T-90 and T-72 tanks, engines for armoured vehicles and setting up of 155mm howitzer production plants.

The Ministry's Department of Defence Production has decided to hike the allocation from Rs 583 crore during the 11th Plan period to Rs 15,000 crore for modernisation of the production capabilities of OFB during the current Plan.

After the recent VVIP chopper scam, Defence Minister A K Antony had stated that indigenous defence production was the only answer to avoid such scandals. The Ministry would change policies in that regard, he had said.

OFB list includes upgrading of 130mm M46 field artillery guns to 155mm 45 calibre standard, development of 155mm 52 calibre mounted howitzers and integration of the 105mm field guns on BMP combat vehicles.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, March 24 2013. 17:40 IST
RECOMMENDED FOR YOU