The Indian government has made the following statement in Parliament today:
Livefist: Indian Govt Pumps $75-mil For In-House Howitzer LineThe government had secured the right of transfer of technology during the purchase of Bofors guns. Though all the technological documents as per the ToT contract were received by OFB from M/s AB Bofors, the Transfer of Technology was not carried forward as the dealings with the technology provider, (M/s AB Bofors) were suspended. Further, no indent was placed by Army on OFB for manufacture and supply of complete gun system. Capital expenditure of Rs.376.55 crore has been sanctioned by the Government in March, 2012 for creation/augmentation of Large Calibre Weapon manufacturing capacity in Ordnance Factories.