WITH one of the biggest defence budgets in the world, India’s defence market is poised to grow exponentially for the next decade at least, it is predicted. The Government is moving in this direction currently and the future trends also point in the same direction.
In this context, India has embarked on a major defence acquisition programme, aimed at increasing the size, capability and self-reliance of its Indian Armed Forces, according to a jointly produced Confederation of Indian Industries and Deloitte report which was released by R K Singh, Secretary (Defence Production), Ministry of Defence at Eurosatory 2010 exhibition in Paris in June. The report provides that the defence sector is growing at an unprecedented rate and emerging as a key participant in the Asia Pacific region.<
WITH one of the biggest defence budgets in the world, India’s defence market is poised to grow exponentially for the next decade at least, it is predicted. The Government is moving in this direction currently and the future trends also point in the same direction.
