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India to get 145 US howitzers artillery guns under $750m deal

07:24 PM | 2 Dec, 2016
India to get 145 US howitzers artillery guns under $750m deal
NEW DELHI - India has signed a $750 million agreement with the United States to buy 145 howitzer artillery guns from BAE Systems, its first such deal in three decades.

The deal, worth nearly 50 billion rupees, will see 25 guns being delivered in ready-to-use condition with the rest being assembled in India, the India Today reported.

The howitzers, with a maximum range of 30 kilometres, will be used by the army’s mountain artillery divisions along India’s high-altitude frontiers.

The first three M777 howitzers will be delivered within the next three months to allow high-altitude and desert trials with Indian-made ammunition. The three guns will also be used to train Indian gunners. The first batch of 20 guns (18 guns make an artillery regiment) will be delivered by manufacturer BAE Systems in two years.

The remaining 120 guns will be assembled in  India between 48-54 months by BAE partner Mahindra Defence at their plant in Faridabad, Haryana.

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 The deal was cleared by the Cabinet Committee on Security chaired by Prime Minister Narendra Modi on November 15.  It has been in the pipeline for nearly a decade since the Indian army mooted the acquisition of the M777 Ultra Light Howitzers (ULH) from the US under 'Foreign Military Sales'.

The artillery guns will provide a push to India’s military capabilities which is being updated with hardware worth tens of billions of dollars in the face of long-standing tensions with China and Pakistan.

India has fought three wars with arch-rival Pakistan since independence in 1947, but China is increasingly seen as the main focus of its ambitious military modernization and procurement policy.

India last purchased howitzers for the army in 1986, when it bought 410 field guns from the Swedish arms giant AB Bofors.

The Bofors deal became mired in corruption allegations and cost then Congress Prime Minister Rajiv Gandhi the 1989 national elections.

Prime Minister Narendra Modi has said he wants foreign manufacturers that win lucrative hardware deals to invest in India by partnering with local firms.

The writer is a member of the staff.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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