The army is all set to reverse
its decision to hand over a mega 12,700 crore upgrade of its fleet of infantry combat
vehicles to the public sector. The deal will now be opened up for the private
companies like Tata & Mahindra. The decision presents a big opportunity to
the private sector to acquire basic technology and knowhow on design, which in
turn could help companies to aspire greater involvement in more challenging projects,
build experience & create job avenues. This is also likely to cut down the
cost.