The Indian Government is urging private and state-owned defence companies to work together to increase the amount of military equipment being built in the country.

Defence minister A.K. Anthony says he is concerned by India’s slow pace of weaponry development.

“The Indian defence industry must, as part of their evolution and national development, focus on research, development and production of armaments and weapon systems keeping in view the issues of quality, safety, reliability and maintainability factors,” he says.

India is the world’s third-largest importer of defence equipment, spending $10bn on imports in the last year.

India imports nearly 70% of its high-tech arms from overseas as such programmes under taken by the government either take decades to develop or are never completed.

“A strong and healthy partnership between public and private-sector will be critical in maximising our defence capability and in creating a powerful domestic industrial base for the future,”
Anthony says.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.