As India Goes Shopping, Defence Firms Line Up for Billion Dollar Chance

As India Goes Shopping, Defence Firms Line Up for Billion Dollar Chance. India has drawn up a shopping list for tens of billions of dollars of foreign fighter jets, armoured vehicles, submarines and helicopters, but it will only sign the cheques if they are made in India. India, the world’s largest defence importer, has announced a new policy inviting foreign defence manufacturers to set up shop as minority partners in India. The bidding process for submarines was initiated in July. Such deals would boost job creation and bring key defence technologies into the country.Foreign companies say the opportunity is too good to miss. Europe’s Airbus Group, angling to sell its Panther helicopters, has said that if it wins a contract worth several billion dollars and expected to span at lea

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