Indian Army & Society of Indian Defence Manufacturers (SIDM) sign MoU to give impetus to indigenisation
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New Delhi, Jan. 22 -- Indian Army & Society of Indian Defence Manufacturers (SIDM) has signed a Memorandum of Understanding (MoU) to provide a further boost to indigenisation and domestic manufacturing thereby reducing the dependence on foreign origin equipment. According to the Indian Ministry of Defence, "Increasing security challenges due to India's rising stature in the international community, apart from unresolved borders and revisionist adversaries require continuous and concerted capability building of the Army through modernisation to address them. This can be done by equipping the Army with indigenously built equipment. In order to optimise capability building and single contact with the industry, Indian Army has reorganised its...
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