While Azerbaijan is moving away from traditional arms supplier Russia and growing closer to Turkey & Pakistan, rival Armenia is depening defence ties with India, already a major supplier.
India's defence industry now supplies to over 90 countries, with exports growing by more than 30 times in 10 years. Equipment exported is wide-ranging, from small arms to armoured vehicles.
Private sector & DPSUs accounted for about 60% & 40% of the total exports. Growth is 32.5 percent as compared to previous fiscal, says defence minister.
Four out of seven Advanced Light Helicopters India sold to Ecuador in 2008 crashed within a few years. India's defense exports must be quality controlled.
The sale of indigenous Advanced Towed Artillery Gun System, which is yet to be inducted into the Indian Army, is a revelation. Defence ministry mum on which country made the purchase.
India now exports to 'more than 80 countries'. Narendra Modi govt had in 2020 set target of Rs 35,000 cr export in aerospace and defence goods & services for next 5 years.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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