Though imports from Russia are down, it still remains India’s largest arms supplier. While sourcing from Israel has also decreased, it has risen from the US & France.
Work is also ongoing on a guided Pinaka system with ranges of 120km, 150km & 200km to counter China's long-range guided rocket systems. The existing Pinaka has a range of about 37km.
The government-to-government contract, valued at about Rs 2,000 cr, is learnt to have been signed earlier this month. Supplies to be fast-tracked according to Armenia's requirement.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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