Defence Min orders 118 Arjun MK-II Tanks, scraps deal for 197 LCH

Within 15 days of Prime Minister Narendra Modi appealing to the industries to make in India, his government has scrapped the deal for a 197 Light Utility Helicopters (LUH) and instead opened it for the Indian industry under the Buy and Make Indian category. This opens the doors for the Indian private sector industry to team up with a foreign manufacturer and make these helicopters within India, thus ensuring a transfer of critical technology. Defence ministry sources said that the decision will bring in business worth Rs 40,000 crore…