$500 Million Rifle Purchase by India

Indian Ministry of Defence (MoD) has approved the procurement of 72 thousand 400 hundred assault rifles and 93 thousand 895 hundred close-quarter-battle (CQB) carbines for $553,33 million on 16 January. The Defence Acquisition Council (DAC) said the acquisition will meet the immediate requirement of the Indian Army. The ministry expects competitive bidding to start soon.