Source: Reuters (via feed)
India’s defence acquisition council approved proposals worth 2.38 trillion rupees ($25 billion) on Friday. The approval includes the purchase of medium transport aircraft. It also covers Russian S-400 surface-to-air missile systems. Additionally, the council cleared acquisitions of remotely piloted strike aircraft. The government confirmed these approvals in a statement.
BizTrendWire Insight:
The defence acquisition council’s approvals involve substantial military procurement actions. These will impact markets related to defence equipment and international arms trade.
The defence acquisition council’s approvals involve substantial military procurement actions. These will impact markets related to defence equipment and international arms trade.