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(adsbygoogle = window.adsbygoogle || []).push({}); $3 Billion Arms-Export aims for India Puts China In PM Modi's Sights - Algeria latest news

India is seeking to boost arms exports 20- fold in a decade to $3 billion, a push that if successful would transform one of the world's biggest importers into a major seller of defense equipment.

Steps by Prime Minister Narendra Modi to spur defense manufacturing, if properly implemented, open up the possibility of hitting that figure by 2025, Defense Production Secretary A. K. Gupta said. The challenge is to boost private-sector investment and technological expertise, he said.

"This will not only take us toward the goal of self- reliance in defense production, but will also create tremendous employment opportunities," Gupta, one of the top bureaucrats in India's Defense Ministry, said in the interview in New Delhi last month.

Tag(s) : #Asia-Pacific

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