Forging an alliance with Bharat Forge and General Dynamics, Tata Motors has bid for the USD 11 billion Future Infantry Combat Vehicle (FICV) project of the Defence Ministry, and is confident of bagging it. Tata Motors is also known to have announced that it meets the requisite criteria on the back of its technical strength, the size of its Indian assets, a strong balance sheet and the backing of the Tata Group in response to Defence Ministry’s Integrated Project Management Team (IMPT) clarification that bidding companies must have capital assets in India, and the turnover in India will be taken into account for the threshold limit. Industry sources claimed that much would depend on how the company succeeds in convincing the Government and the Defence Ministry to consider the consolidated revenues of the group rather than just one company. Most group companies are listed. For the valuation of the bid, financial parameters account for 26 per cent. The rest of the assessment criteria parameters remain technical. Technical Capability Assessment accounts for 32 per cent, Criteria Technology Assessment accounts for 34 per cent and Technical Specifications Assessment accounts for eight per cent.