Lokesh Machines Secures ₹58.21 Crore Indian Army Order for Gun Modification Kits
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Lokesh Machines Limited has been awarded a ₹58.21 crore contract by the Indian Army to supply modification kits for 7.62mm Medium Machine Guns, marking a significant step in indigenous defence manufacturing.
In a significant boost to the 'Make in India' initiative, Lokesh Machines Limited has secured a contract worth ₹58.21 crore from the Indian Army. The order entails the supply of specialized modification kits for the 7.62mm Medium Machine Guns (MMGs). This development is a testament to the growing capabilities of India’s private sector, particularly Micro, Small, and Medium Enterprises (MSMEs), in contributing to the nation's defence preparedness.
Historically, the Indian defence sector was dominated by Public Sector Undertakings (PSUs) and the Ordnance Factory Board. However, recent policy shifts—including the liberalization of the defence industry, the introduction of the Defence Acquisition Procedure (DAP), and the promotion of the iDEX (Innovations for Defence Excellence) framework—have created a conducive environment for private players. By integrating MSMEs into the defence supply chain, the government aims to reduce import dependency, foster technological self-reliance, and create a robust domestic industrial base.
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