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Ministry of Defence signs Rs 697 Cr contracts with ACE Ltd & JCB India Ltd

Published: Feb 21, 2025

By TIOLCorplaws News Service

NEW DELHI, FEB 21, 2025: THE Ministry of Defence has signed contracts with M/s ACE Limited and M/s JCB India Limited in presence of Defence Secretary R K Singh for procurement of quantity 1868 Rough Terrain Fork Lift Truck (RTFLT) at a total cost of Rs.697.35 crore for Indian Army, Indian Airforce and Indian Navy.

Rough Terrain Fork Lift Truck (RTFLT) is a critical equipment which will assist in various combat and logistics support tasks by avoiding manual handling of enormous number of stores and thus enhancing the operational effectiveness of Indian Army, Indian Air Force and Indian Navy.

The present case being a Buy (Indian) case will enhance national defence equipment manufacturing capabilities. This project has immense potential of direct and indirect employment generation by encouraging MSME sector through component's manufacturing. The procurement marks a pivotal step towards modernising India's defence infrastructure and empowering indigenous industries, which will be a proud flag-bearer of 'Aatmnirbhar Bharat'.

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