The Future Infantry Combat Vehicle (FICV) project is expected to move forward after the new government is formed at the centre. The project costing $8 billion will be 40 per cent indigenous making it another win for the Make In India initiative of the NDA government.
The project will induct around 2,600 FICVs with a life span of 32 years and will be replacing the Army’s old Russian-origin BMP-2 infantry combat vehicles.
The project part of the modernisation drive of the Indian Armed Forces is expected to be completed by 2025, reports Financial Express.
The project is expected to be a joint venture (JV) and Indian manufacturers like Titagarh Wagons, Reliance Defence and Engineering, Mahindra and Mahindra have sent their proposals to the Defence Ministry.
The department also received proposals from Original Equipment Manufacturers (OEM) which include Russian companies under the umbrella of Rosoboronexport, US-based General Dynamic and German Rheinmetall.
The project was moved to the Make II category of the DPP-2016 last year to expedite its implementation but is now on hold as the service headquarters and the Ministry of Defence (MoD) failed to reach an understanding on the vehicle requirements.
The FICV project was earlier approved under the Strategic Partnership (SP) model under the ‘Make’ category of DPP-2008 before being moved to Make II of DPP-2016.
The DPP-16 clause states that in Make II category there is no funding required from the MoD, whereas in the ‘Make’ category, the ministry has to provide 90 per cent of funds up to the prototype stage.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.