India has signed a contract with a US firm for 72,400 assault rifles for Rs. 700 crore.
The Ministry of Defence officials said that India has signed the contract for Sig Sauer Assault Rifles with the US under fast track procurement (FTP) and as part of the agreement, India will get around 72,400 7.62mm rifles from US firm SiG Sauer in one year from this day.
Defence Minister Nirmala Sitharaman had earlier this month approved the procurement of the Sig Sauer rifles, which will be used by troops deployed along the nearly 3,600-km border with China.
In October, 2017, the Army began the process to acquire around 7 lakh rifles, 44,000 light machine guns (LMGs) and nearly 44,600 carbines.
Around 18 months ago, the Army had rejected an assault rifle built by the state-run Rifle Factory, Ishapore, after the guns miserably failed the firing tests. Following this, the Army started scouting for rifles from the global market.