In a major boost for the private industry, the defense ministry is inking an estimated Rs 5,000 crore deal to manufacture indigenous Pinaka multi-barrel rocket launchers for the Army that is likely to generate several hundred jobs in the coming months.
The contract, which has been in the making since 2017, will go to private sector companies Larsen & Toubro and Tata Aerospace and Defence, with a significant portion of work also falling into public sector unit BEML
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