Defence Ministrys Rs 5,400 crore Defence Contract

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The Ministry of DEFENCE of India has recently signed three defence contracts with Bharat Electronics Limited (Bel) and NewSpace India Limited

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(NSIL) on March 29, 2023. The total cost of these three contracts is nearly Rs 5,400 crore. This decision was taken to support the modernization of Indias armed forces and make them more self-sufficient.