Monday, March 7, 2016

FICV: And then there were eight


07th March 2016 - 11:05

by Neelam Mathews in Delhi 
FICV: And then there were eight
India's Future Infantry Combat Vehicle (FICV) programme has moved a step closer to the starting blocks with industry putting forward an expression of interest (EoI).
The US$10 billion Future Infantry Combat Vehicle programme has attracted formal EoIs from eight of the initial ten vendors.
Shephard has learned that Rolta and Punj Lloyd have decided not to submit proposals.
The government-owned Ordnance Factory Board (OFB) has already been down-selected as one manufacturer and the MoD will provide 80% of prototype development costs for two other vendors that will be shortlisted by year’s end.
Bets are on Tata Motors to be a frontrunner...more in Shephardmedia

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