Jay Menon

India Correspondent

Delhi, India

Summary

Articles

Jay Menon
NEW DELHI — India, one of the largest importers of defense equipment in the world, is letting supporters of the U.N.’s recently passed arms-transfer treaty know that it is not happy with their actions. The treaty, aimed at laying down common international standards and limiting the illicit sale of conventional arms, was passed by the U.N. General Assembly with an overwhelming majority of 154 votes on April 3. Iran, North Korea and Syria voted against the treaty, while China, India and Russia abstained.
Defense

Jay Menon
NEW DELHI — India’s ambitious Medium Multi-Role Combat Aircraft (MMRCA) contract is facing hurdles at the negotiation table, as sources say Dassault it seeking to absolve itself of responsibility for the copies of its Rafale fighter to be assembled in India by state-run Hindustan Aeronautics Ltd. (HAL). Under an agreement, the Indian air force (IAF) is likely to get 18 Rafale aircraft from Dassault Aviation in fly-away condition.
Defense

Jay Menon
NEW DELHI — India is considering increasing the foreign direct investment (FDI) limit in its defense sector to at least 49% from the current 26%, according to a top government official. “I am in favor of raising [the] FDI limit in the defense sector to at least 49%, if not 74%,” Federal Trade Minister Anand Sharma says. The policy change is needed to help India “become a major defense producer” in the world, he says. “India needs to move on. Our industry is talking to major defense manufacturers in the U.S. and Europe.”
Defense