Wednesday, 31 August 2011

Arjun MKII will cost Rs 37 Crore, which is more than Abraham

Defense Minister Of India informed the parliament that each Arjun MKII will cost Rs 37crore which is roughly 8 million USD. This information was provided in reply to a question. Arjun MK-I costs around 16-17 crore Rs per tank.

The official release to a question on the price of the Arjun is attached below

New Delhi: Bhadrapada 07, 1933
August 29, 2011
Limited technical trials with some major and minor improvements on Main Battle Tank (MBT) Arjun Mark-I, as part of MBT Arjun Mark-II, have been carried out by the Defence Research and Development Organisation (DRDO) in the deserts of Rajasthan.
Defence Acquisition Council (DAC) has cleared the proposal for placement of indent for 124 Nos. of MBT Arjun Mark-II on Heavy Vehicles Factory (HVF), Avadi, Chennai. Placement of indent by the Army on Ordnance Factory Board (OFB) is being further processed.
The likely estimated cost of each MBT Arjun Mark-II with ail major/minor improvements will be approximately Rs.37 crore.
The first batch of MBT Arjun Mark-II is likely to be productionised by 2015.
This information was given by Defence Minister Shri AK Antony in a written reply to Shri Naveen Jindal in Lok Sabha today.