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Thursday, June 17, 2010

Arms spending: India grows as west shrinks

INS ShivalikWith global arms majors focused on the commercial opportunities presented by India’s military modernisation programme, consulting firm Deloitte India and the Confederation of Indian Industry (CII) have produced a detailed report on the country’s defence market and the possibilities it presents.

Entitled, “Prospects for Global Defence Export Industry in Indian Defence Market”, the report was released today at the Eurosatory 2010 defence exhibition in Paris.

The report follows a KPMG-CII report in January on “Opportunities in the Indian Defence Sector”, a PricewaterhouseCoopers report in April on “Aerospace and Defence Insights” and a CII report last month on foreign direct investment (FDI) in the defence sector.

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