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Thursday, February 05, 2015

India $100 billion defense upgrade programme and bigger procurement over next ten years

INS KolkataIndia, the second most populous nation in the world, is in the midst of a $100-billion defense upgrade program. India cleared proposals worth nearly $3.5 billion in June. In the last half of 2014, $19 billion in military procurement was approved.

India is the world's largest arms importer with the United States recently overtaking Russia as its biggest arms supplier.

The ruling Bharatiya Janata Party has been pushing for greater indigenisation of the military industry as India imports around 70 percent of its defense hardware.

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