Lokesh Machines Wins ₹9.5 Crore Contract for ASMI Submachine Guns from SSB
Lokesh Machines Limited has secured a ₹9.5 crore contract from Sashastra Seema Bal to supply ASMI 9×19mm submachine guns. This contract, valued at around $1 million, marks a significant step for private sector engagement in India's small arms manufacturing and supports the Atmanirbhar Bharat initiative. The ASMI, developed by DRDO, offers advanced features suitable for SSB's operational needs. The contract signals growth in indigenous defense production and potential for future contracts as India aims for greater self-reliance in defense.
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Lokesh Machines Limited has been awarded a ₹9.5 crore contract by the Sashastra Seema Bal (SSB) to supply ASMI 9×19mm submachine guns, valued at approximately $1 million. This contract highlights the increasing trust in domestic defense production, aligning with India's Atmanirbhar Bharat initiative.
The ASMI, developed by the Defence Research and Development Organisation (DRDO), features advanced technology suitable for close-quarters combat. This deal enhances SSB's operational capabilities and is indicative of the growing role of private firms in defense manufacturing, potentially leading to more contracts as the government pushes for 75% indigenous content in procurements by 2025-26. Additionally, Hindustan Aeronautics Ltd (HAL) has reported orders for various aircraft, indicating a strong position in defense production with ongoing projects valued at ₹2,22,182 crore.
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