NEW DELHI — India plans to establish nine defense projects, including a surface-to-air missile (SAM) facility, with an investment of 70 billion rupees ($1.4 billion) in the southern state of Andhra Pradesh. The SAM project is being built by state-run defense unit Bharat Dynamics Ltd. (BDL) at Ibrahimpatnam in Ranga Reddy district, near the state capital of Hyderabad. The site is likely to become operational in the next three years.
LONDON — China’s role in the global arms trade is changing, with a shift to becoming an exporter rather than a major importer of weapons, according to new figures from the Stockholm International Peace Research Institute (Sipri).
NEW DELHI — Mirroring China’s military buildup, India is raising its defense spending by 13% to 1.93 trillion rupees ($38.6 billion) to fast-track the modernization of its armed forces. In real terms, the boost in defense allocation amounts to 224.7 billion rupees over the revised estimates of 1.71 trillion rupees for the fiscal year ending March 31, 2012. Discounting this increase of 65.22 billion rupees, the hike comes to 17.6% over the 1.64 trillion rupees originally allocated.