India, Feb. 20 -- The Government of India issued the following news release:

The Ministry of Defence has signed contracts with M/s ACE Limited and M/s JCB India Limited in presence of Defence Secretary Shri 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 manufactu...