During the last meeting of Defence Acquisition Council headed by Defence Minister A K Antony, the Army had proposed to buy the Spike anti-tank guided missiles from Israel but it was deferred as the Ministry wanted the Army to find out if other vendors were providing the system and they could also be issued the tender, sources said here.
The Ministry, which is looking to enhance transparency in weapon procurement through the import route, is now not inclined much towards the single-vendor tenders and wants a fair competition between arms suppliers for any acquisition, they said.
The procurement of the ATGMs was expected to cost over Rs 5,000 crore for procuring ATGMs for more than 350 Infantry battalions of the Indian Army.
The Army has been looking at procuring these systems to do away with the shortfall of such weaponry in its inventory.
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The shortage of anti-tank weapons was also mentioned in the letter written by former Army Chief Gen V K Singh in his top secret letter to Prime Minister Manmohan Singh.
Under the project, India wants the vendors to transfer the technology of their systems to the Bharat Dynamics Limited for their mass production in India.