• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Hyderabad, Dec. 1

Astra Microwave Products Ltd (AMP) has received an order for Rs 57.31 crore from ELTA Systems Ltd, Israel. The order is for the supply of microwave wireless sub-systems for India’s defence radar programme. The contract is valid between November 2008 and mid-2010. The order from ELTA, a group subsidiary of Israel Aerospace Industries, is Astra’s first contract under the offset obligations clause of India’s Defence Procurement Policy (DPP), 2006, according to a company press release. The offset clause mandates that 30 per cent of all defence contracts worth Rs 300 crore and above must be invested in the Indian defence industry by way of sourcing components, sharing technology, setting up training centres etc. The Managing Director of Astra Microwave, Mr B. Malla Reddy, said: “Offset obligations provide a significant opportunity for manufacturers and technology providers in the Indian defence space. Our company is well positioned to meet demands, especially in wireless communications systems.” ELTA is a world leader in electromagnetic sensors-based advanced defence systems for radar, electronic warfare and communications, the release said.

– Our Bureau

More Stories on : New Business | Security

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line