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Five Major Defence Deals In India
BUSINESS ECONOMICS
|October 16 - 31, 2018
Rao Inderjit Singh, Minister of State for Defence, recently said that 62 contracts had been signed for the Indian Navy, 79 for the Indian Army, and 41 for the Indian Air Force. The different defence equipment in the contracts included missiles, rockets, ships, tanks, aircrafts, and guns.
The country is moving towards modernisation and focusing on upgrading its military equipment and hardware. It is encouraging the participation of private players in this segment and companies like TATA, Reliance, and Mahindra have collaborated with the Indian defence sector.
Important Defence Deals
Boeing-Tata Advanced System Ltd.
This story is from the October 16 - 31, 2018 edition of BUSINESS ECONOMICS.
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