Defence and Security

Uncertainty clouds $7.5 bn Futuristic Infantry Combat Vehicle project

Dec 29, 2016
By Huma Siddiqui
 
Uncertainty continues over the $7.5-billion Futuristic Infantry Combat Vehicle (FICV) project, with the ministry of defence (MoD) undecided over the number of development agencies (DAs) it would need for this programme.Project FICV will have an expected lifespan of 32 years.
 
A top source told FE: “Since the project is very big, the MoD is still not decided whether there should be two or three development agencies involved in this, as the chapter on strategic partners in the amended Defence Procurement Policy (DPP) 2016 is yet to be finalised. It is crucial as the FICV expression of interest (EoI), which was issued under the DPP-2008, has recommended a minimum 40% indigenous content as compared to the 30% indigenous content.”
 
Read more at: http://www.financialexpress.com/economy/uncertainty-clouds-7-5-bn-futuristic-infantry-combat-vehicle-project/489427/
 
The Financial Express, December 29, 2016

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