Politics · India

India's Defence Ministry signs ₹4,106 crore deals for IAF satellite and Navy torpedoes

On Thursday the Defence Ministry signed contracts worth about ₹4,106 crore for two indigenous systems: the GSAT‑7C communication satellite for the Indian Air Force and the Varunastra heavyweight torpedo for the Navy, with the satellite contract of ₹2,563 crore awarded to state‑run New Space India and the torpedo contract of ₹1,543 crore to the Navy; in a related move the ministry also approved procurement worth ₹2,400 crore from startups and micro‑small‑medium enterprises.

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