You are here

India upgrades its armoury

India's reliance on imports may well continue even as it seeks to develop an indigenous military industry.
Friday, April 8, 2016 - 05:50

BT_20160408_INDIA_2211481.jpg
PM Modi is intent on boosting his government's "Make in India" mission through indigenous design, development and manufacturing of military hardware in defence. But the fact is that India's arms purchases far overshadow its exports at present.

BY FAR the largest importer of arms in the world, India is poised to spend an estimated US$310 billion (about 20.6 trillion rupees) by 2022 on upgrading its arsenal. Vying for these sweepstakes are global arms vendors as well as domestic suppliers that are exploring all viable options such as

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom