India aims to procure 75 percent of its defense equipment locally for the next decade 0807131
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Defence & Security News - India
|Monday, July 8, 2013 08:49 AM|
|India aims to procure 75 percent of its defense equipment locally for the next decade.|
India’s aim to procure 75 percent of its defense supplies locally in a decade is in jeopardy as companies struggle to navigate rules on manufacturing and selling weapons.
The Indian businessman Babasaheb Neelkanth Kalyani
Billionaire Baba Kalyani’s group, which plans a prototype of India’s first privately-built Howitzer gun next year, will be unable to test it as regulations prohibit firms from using military facilities, said Amit Kalyani, executive director at Bharat Forge (BHFC) Ltd., the flagship firm of the group. Mahindra & Mahindra Ltd. (MM)’s proposal for a venture with Rafael Advanced Defense Systems Ltd. was denied by the government, which didn’t give a reason for the rejection.