Sitharaman gives Army's delayed future combat vehicle project a push

The MoD is considering pushing the deal through under the Strategic Partnership Policy

The $12-billion project to procure 2,300 Futuristic Infantry Combat Vehicles (FICV) for the Indian Army, which has been held up for over a decade, has received a fresh push from Defence Minister Nirmala Sitharaman, who took charge of the ministry less than a month ago, reported the Hindu Business Line.  

According to the report, apart from the state-owned Ordnance Factory Board (OFB), which has been nominated for the project, Larsen & Toubro (L&T), Tata Motors, Reliance, Mahindra, and Tata Power SED-Titagarh Wagons are also in the race. All these firms had responded to the expression of interest (EoI) in