Sunday, February 22, 2015

India gears up for 1150 billion – Dagens Næringsliv

China, India and Japan increases defense budgets powerful and lures with large contracts.

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India budgeting to spend at least 1150 billion until 2027 to upgrade defense. Much of the equipment is 40 and 50 years old and was purchased from the former Soviet Union. Outdated naval vessels, fighters, tanks and helicopters to be replaced.



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