With general elections expected before May, corruption scandals over high-profile defense deals, and a deflated rupee, Indian Defense Minister A.K. Antony, who has cultivated an image of integrity, has taken a go-slow approach on vitally needed military equipment projects. The slowdown has taken hold as India is expected to spend approximately $100 billion on military modernization in the next 10 years, as a hedge against neighboring rivals China and Pakistan. Defense officials are ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "India Slows Procurement Projects, For Now".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.