India‚Äôs defense needs draw industry to Defexpo
India‚Äôs rapidly growing defense programs attracted a number of major global contractors to the biennial Def- expo land and naval exposition here in February. Many were looking to establish or firm up partnerships with local manufacturers to meet the offsets mandated for procurement awards by the defense ministry. Though eager for business, most contractors want the government to relax the cap on ownership levels that has been imposed on joint ventures. The current foreign direct ...
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