₹858 crore defence contracts inked to enhance India’s air defence shield, enable in-country maintenance of P-8I aircraft

Officials from India and Russia during signing of defence contracts for Tunguska systems and P-8I maintenance

The Ministry of Defence on Friday, 27 March, signed contracts worth ₹858 crore for the procurement of Tunguska Air Defence Missile Systems and depot-level inspection of P-8I long-range maritime reconnaissance aircraft. The contracts were inked at Kartavya Bhawan-2, New Delhi. Of the total, a ₹445 crore contract has been signed with JSC Rosoboronexport, Russia, for […]

Mumbai, Bengaluru metro projects to get around ₹11,600 crore as India, Japan sign ₹16,420 crore ODA loan agreements

India and Japan officials exchanging ODA loan agreement documents

India and Japan have formalised Official Development Assistance (ODA) loan agreements worth JPY 275.858 billion, approximately ₹16,420 crore, covering projects in urban transport, health and agriculture sectors, the Ministry of Finance said in a statement on Friday, 27 March. The Notes were exchanged on 24 March 2026 between the Department of Economic Affairs, Ministry of […]