The Business Times
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India's new policy lures foreign defence companies to manufacture there

Published Sun, Aug 20, 2017 · 09:50 PM

    New Delhi

    INDIA has drawn up a shopping list for tens of billions of dollars of foreign fighter jets, armoured vehicles, submarines and helicopters - but it will only sign the cheques if they are made in India.

    The world's largest defence importer has announced a new policy inviting foreign defence manufacturers to set up shop as minority partners in India. Such deals would boost job creation and bring key defence technologies into India.

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