Indian Army signs first GeM procurement contract for handlers
pre-market1 source ↓written by the desknot a recommendation
- with JCB India
- 93 Telescopic Handlers
- valued
- ₹25.90 cr
In a landmark move, the Indian Army has signed its first-ever capital procurement contract through the Government e-Marketplace (GeM) for 93 Telescopic Handlers with JCB India Ltd, valued at ₹25.90 cr. This initiative is expected to compress procurement timelines and enhance transparency in defense acquisitions. The shift to GeM signifies a transformative approach in the Army's procurement strategy, potentially influencing future contracts.
Not investment advice. For informational purposes only.