Global arms majors eye India |
Global armament majors once again have India on their radars. They so far hawked goods through direct sales to the world`s largest arms importer. Now they are examining new Prime Minister Narendra Modi`s `Make in India` policy. As many as 330 foreign companies are headed for Aero-India 2015 in Bangalore, with another 270 Indian companies also marking their presence at the five-day exhibition, to be inaugurated by Prime Minister Narendra Modi. India will spend $120 billion in arms acquisitions over the coming decade, with its 1.5-million strong armed forces still grappling with several operational gaps ranging from fighters and helicopters to artillery and submarines. IAF alone wants over $35 billion to stem its eroding air combat edge with induction of new fighters and helicopters, mid-air refueling and transport planes, spy and combat drones, advanced missiles and radars.
|
|
|
|