New Delhi, Feb 17 (IANS) The Indian Navy on Friday signed a contract with Nova Integrated Systems Ltd. for procuring indigenously manufactured Surface Surveillance Radars (SSR), an official release said.
"This is the first contract concluded under the Buy and Make (Indian) Category, in line with the government's 'Make in India' initiative," a Defence Ministry statement said.
"This contract marks the entry of Indian private industry in production of hi-tech sensors for the Indian Navy," it added.
Nova Integrated Systems Ltd, a fully owned subsidiary of Tata Advanced System Ltd (TASL), would manufacture these radars in collaboration with Terma, Denmark.
As part of the Navy's modernisation plan, these radars would also be installed on board the ships under construction.
The tender for the SSR was released by the Indian Navy in 2013 for 31 radars and one radar simulator for training purpose.
In the Buy and Make (Indian) category of defence procurement, the contractor is an Indian firm and the product should have 50 per cent of Indian content.
TASL, a wholly owned subsidiary of Tata Sons, is the strategic aerospace and defence arm of the TATA Group with capabilities in missiles, drones, radars, aerospace and aero-structures.