Obama victory is good news for India’s arms plan

Comments print
Huma Siddiqui: New Delhi, Nov 13 2012, 02:04 IST
US President Barack Obama's re-election is being seen as a big boost for India's military purchases. Industry watchers are expecting a 'renewed thrust' from the Obama administration on the defence deals with India as he was instrumental in pushing deals worth $10 billion during his first term.

New Delhi is expecting to seal deals worth billions for helicopters, howitzer guns, weapons systems and platforms. India plans to spend an upward of $100 billion for weapon systems and platforms over the next decade.

In 2011, military sales from the US to India touched $ 4.5 billion and the total military trade with that country in ten years has touched $10 billion from near zero.

India now holds more than 50 annual military exercises with the US, more than any other country.

Some big-ticket deals procured from the US in the last five years, include eight P-8I maritime surveillance and anti-submarine warfare aircraft from Boeing, valuing $ 2.1 billion.

Also, 10 C-17 heavy-lifters from Boeing for $4.1 billion is also in the pipeline. Most of these deals have been through the foreign military sales (FMS) that ensures the deals are government-to-government and are inked faster.

Six C-130 J special operations aircraft, valuing $ 1.2 billion, have already arrived in the country and an order for six more is in the offing. India is also planning to place an order for M777 ultra-light howitzers for $ 700 million.The US defence manufacturers have emerged as the chosen one for supplying the attack helicopters and the heavy-lift choppers for

... contd.

Ads by Google
   1 | 2 | Next
Previous Story  PFRDA tightens investment monitoring, plans consultant to assess fund managers Next Story  Cellular operators blame high price for lukewarm response to 2G auction
Reader's Comments| Post a Comment

Be the first to comment.

Post your Comment

Your email address will not be published. Required fields are marked *

Name *
Email *
Message *
 
captcha
please enter the above characters in the box below