Military acquisition Current Affairs, GK & News

Indian Army to buy small arms through foreign Military Sales

The Indian Army is all set to purchase small arms through Foreign Military sales. Highlights The small arms are to be purchased from the US based firm FN Herstal. The small arms purchased will be used by the special forces. India will purchase 7.62 x 51 mm FN scar made by the US unit of ..

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20 % penalty for foreign military vendors not meeting offset obligations

The Ministry of Defence announced a penalty of 20 % to be imposed on foreign military vendors who are ubable to fulfill offsets obligation within the prescribed time frame as part of the Defence Procurement Procedure. · No cap on penalty for inability to implement offset obligations during the period exceeding the main procurement contract, ..

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