By Rajat Pandit
TNN | Mar 17, 2014
NEW
DELHI: India's continuing abject failure to build a robust defence
industrial base (DIB) has come to into focus once again, with an
international thinktank holding its arms imports are now almost three
times as high as those of the second and third largest arms importers,
China and Pakistan.
As per the latest data on international
arms transfers released by Stockholm International Peace Research
Institute (SIPRI), the volume of Indian imports of major weapons rose by
111% between 2004-08 and 2009-13, and its share of the volume of
international arms imports increased from 7% to 14%.
The major
suppliers of arms to India in 2009-13 were Russia (accounting for 75% of
imports) and the US (7%), which for the first time became the second
largest arms supplier to India, said SIPRI. As earlier reported by TOI,
the US has already bagged defence deals close to $10 billion over the
last decade in the lucrative Indian defence market, with the latest
being the $1.01 billion one for six additional C-130J "Super Hercules"
aircraft.Read more.....
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