India signs ₹4,666 crore defense contracts
Analysis based on 14 articles · First reported Dec 30, 2025 · Last updated Dec 30, 2025
The signing of these defense contracts by the India — Ministry of Finance (India) is expected to positively impact the defense and manufacturing industries in India. Companies like Bharat Forge and Quad Systems will see increased revenue and business, while the 'Make-in-India' initiative will boost the overall economy and employment avenues.
The India — Ministry of Finance (India) signed contracts totaling ₹4,666 crore for the procurement of Close Quarter Battle (CQB) Carbines and Heavy Weight Torpedoes. The contract for over 4.25 lakh CQB carbines, along with accessories worth ₹2,770 crore, was signed with Bharat Forge and Quad Systems for the India — Indian Army and India — Indian Navy. This initiative aims to replace legacy systems with indigenous technology under the 'Aatmanirbhar Bharat' vision, enhancing the lethality of Indian soldiers in close combat. The second contract, valued at approximately ₹1,896 crore, was signed with BAE Systems — BAE Systems Submarines for the procurement and integration of 48 Heavy Weight Torpedoes for the India — Indian Navy's Kalvari-class submarines. This acquisition will significantly enhance the combat capability of these six submarines, with deliveries expected to commence in April 2028 and conclude by early 2030. These deals underscore the Government of India's commitment to modernizing its armed forces and promoting indigenous defense manufacturing.
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