Make In India Scheme Setback; QR-SAM Surface-To-Air Missile Contract Set To Be Spiked
2,549 views · Published 9 February 2017 · 1:08 · Indexed 21 September 2026
Channel: The Financial Express · 2017 · News & Politics
The ministry of defence is planning to scrap a contract for buying surface-to-air missiles QR-SAM for the Indian Army to replace its Soviet-vintage OSA-AK and SA-6 units. Such a move is expected to come as a blow to the Make in India initiative as the chosen company was expected to make major parts of the system in India. Sources told the Financial Express that there was a difference of opinion over the compliance of the systems tested as there was a very minor difference and the Israeli Spyder QR-SAMs reportedly come out to as clear winners. However, the matter was raised during the Defence Acquisition Council meeting in September 2016 headed by defence minister Manohar Parrikar. The Indian Army had last year made it clear that it does not want the indigenous ‘Akash’ regiment apart from the two ordered earlier for Rs 14,180crore. Read More: http://www.financialexpress.com/economy/india-to-scrap-qr-sam-surface-to-air-missile-contract-big-setback-for-make-in-india-scheme-in-the-offing/543442/
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