In a major boost to the Centre's 'Make in India' initiative, the Defence Ministry on Tuesday placed an indent on Ordnance Factory Board (OFB) for the supply of 156 BMP 2/2k Infantry Combat Vehicles (ICVs) with upgraded features for use of the Indian Army.
Under this indent, the ICVs will be manufactured by Ordnance Factory in Telangana's Medak at an approximate cost of Rs 1,094 crore, according to an official statement.
The BMP-2/2K ICVs are going to be powered by 285 horsepower engines and are lower in weight which will make them highly mobile to meet all tactical requirements of