The Economic Times

Defence ministry inks Rs 4,106 crore contracts for IAF communication satellite, Navy torpedoes

The government signed contracts worth Rs 4,106 crore for the Indian Air Force and the Indian Navy. One contract is for a GSAT-7C satellite to improve communication capabilities. The other is for Varunastra torpedoes designed to enhance anti-submarine warfare capabilities. Both contracts aim to promote self-reliance in defense manufacturing in India. This move aligns with the governments Aatmanirbhar Bharat and Make-in-India initiatives.