gfiles magazine

March 9, 2012

Much in demand

def expo 2012
Much in demand
With the Indian defence forces having a budget of $30 billion for procurement of weapons and allied systems, the 7th Def Expo will see the presence of all major armaments manufacturing giants in the national Capital this March
by Kalyani Datta
S New Delhi gears up to hold the seventh biennial international defence exhibition ’Def Expo’ for four days starting March 29, all major armament manufacturing giants will make a beeline for Pragati Maidan in an effort to grab a share of the more than $30-billion market.
India plans to procure weapons and allied systems for $30 billion in the coming seven to eight years and recession-hit western economies are desperate to gain a foothold in order to provide jobs back home, be it the US, Europe or Russia.
The uproar in the British parliament last month after India selected French fighter jet Rafale over the Eurofighter (made by a consortium of the UK, Italy, Germany and Spain) for the $20-billion contract for 126 medium multi-role combat aircraft (MMRCA).......readmore

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