India Clears $275 mn Order For T-72 Tank Recovery Vehicles

India on Thursday cleared a repeat order worth Rs.1,350 crore ($275 million) for 650 armoured recovery and repair vehicles for its 1,500 T-72 Ajeya main battle tanks.

The Cabinet Committee on Security, which met here under the chairmanship of Prime Minister Manmohan Singh, cleared the defence ministry's proposal and approved the orders to be placed with defence public sector undertaking Bharat Earth Movers Limited (BEML), according to government sources.

The defence PSU will build the armoured recovery and repair vehicles through technology transfer from Polish company Bumar, with which it had signed an agreement on this, the sources said.

BEML and Bumar came together in February 2003 when they signed a memorandum of understanding.

http://economictimes.indiatimes.com

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