India, March 27 -- The defence ministry on Thursday signed contracts worth Rs.2,500 crore for a new anti-tank weapon called Nag missile system (NAMIS) and light vehicles to boost the military's capabilities, an official statement said.

It signed a Rs.1,801-crore contract with Armoured Vehicle Nigam Limited (AVNL) for NAMIS, paving the way for the induction of the anti-tank weapon system into the mechanised infantry. The army secured approvals for NAMIS for reconnaissance and support battalions (13 Nag missile carriers and 293 missiles) around three years ago. NAMIS has been developed by the Defence Research and Development Organisation (DRDO).

The ministry also signed two deals with Force Motors Ltd and Mahindra & Mahindra Ltd for aroun...