India will spend 150 billions of dollars on weapons

India in the coming 10 years will need military equipment totaling up to 150 billion dollars.

This opinion on the sidelines of the first naval and shipbuilding exhibition "NAMEXPO-2013" was expressed to ITAR-TASS by the chief adviser to the Confederation of Indian Industry, the organizer of the event, Gurpal Singh.

“According to our forecasts, within eight to ten years, purchases of military products by India will amount to 150 billion dollars, of which up to 80 billion dollars in offset programs will be invested back into the Indian economy,” he said.

In the budget for the current fiscal year ending in March 2014, 2 trillion rupees (37 billion dollars) were allocated for defense. Previous similar figure amounted to 1,93 trillion rupees (35,7 billion dollars).

"NAMEXPO-2013" opened on September 23 and will run until September 27. It will be held in Kochi in the southern Indian state of Kerala once every two years.

Comments

[Algor73]

Everyone is arming - Russia, India, China, Korea, Vietnam, etc., all of Asia, America, Europe is modernizing. But Ukraine is disarming, reducing its armed forces, destroying the military-industrial complex, probably the most peace-loving country in the world. Yesterday I read about things on ZiMe, about the Thai contract. The night did not sleep. Such a plant pro-li! This is a legend! It's a shame, a shame and pain for their country.

[xetai9977]

The fight for the huge Indian market will begin serious!

[teleset]

RUSSIA also went through this, but the time has come when it is easy to wipe it off with international laws. And in the world he’s right again that the Cavo’s club is bigger, so he has to arm himself and modernize.

[Botanologist]

Quote: Algor73

Everyone is arming - Russia, India, China, Korea, Vietnam, etc., all of Asia, America, Europe is modernizing.

With a good word and a pistol, much more can be achieved than with a good word alone.

[newnutella]

There is such a thing ... well, we will become a European country ... Europe will protect us, if that ... yeah

[January]

Where did you read it? Throw the link - here or in PM. What is happening there?

[MIKHAN]

India is an advantageous partner of Russia, of course, but I am concerned about these rates of armament (are the Indians aiming for world domination ??) We do not have joint military exercises (unfortunately) with India .. In the Syrian crisis, all this was not supported (even morally) strange. .

[Metlik]

Hindus are a very peaceful nation. The Chinese dominate world domination.

[MIKHAN]

Quote: Metlik

Hindus are a very peaceful nation. The Chinese dominate world domination.

Russia for India would be a good cover .. Why spend so much on weapons it’s better to create a joint base of the Navy .. There would be more sense .. (in the sense of security ..) this is my opinion!

[chunga-changa]

Base in India is a blue dream. The only problem is China supports Pakistan and builds its base there. In the event of aggravation of India-Pakistan, Russia-China tension will automatically appear, we do not need this.

[Anatole Klim]

China and India are two Asian giants. China has territorial claims against all its neighbors, and given the long-standing conflict between India and Pakistan, the Indians have to pay great attention to their security. In Russia, unfortunately, they talk more about strengthening the Far East than they really do. Maybe after the flood, something will change, as in the Russian saying-There would be no happiness, but misfortune helped.

[mirag2]

These are grandmothers. Trophies without war! Let's open a mittens for the sale of weapons to India. My wife, by the way, is trying to produce "Curtain" (or something like her). Is this not a military secret? Probably not if they have a weaker password network. than my home. Although security chiefs have recently been trained. Well, well, what I call it “things have gone!” And then there would be no money to withdraw one boutless bazaar - “concern, garbage” ...

[SAG]

the wife produces a curtain ... this is certainly good, but it is better that in addition to this she produces food, clean dishes and childcare

[Nayhas]

“According to our forecasts, within eight to ten years, purchases of military products by India will amount to $ 150 billion, of which up to $ 80 billion under offset programs will be invested back into the Indian economy.”

The US military-industrial complex is waiting for a fun time, it was not in vain that Congress lifted all restrictions on the supply of arms to India.

[Yuri Y.]

Quote: Anatole Klim

China and India are two Asian giants.

That is why Russia needs to fight for the Indian market. Firstly, a counterbalance to the Chinese, secondly, some influence in this center, and thirdly, it is beneficial.

[alone]

Quote: Yuri I.

Firstly, a counterbalance to the Chinese, secondly, some influence in this center, and thirdly, it is beneficial.

if you mean that the Chinese will sell weapons to India, then you are deeply mistaken. India and China have a strong conflict. So it is unlikely that the Chinese will sell weapons to those whom they consider their enemies. The only thing Russia will benefit from is the finances that come from the sale. technicians.

[Sirs]

The Indians' expenditures on the military-industrial complex will definitely increase; we need to keep ears on the tops and nose in the wind. Give India Russian weapons !!! (but only in a reasonable configuration and that the performance characteristics of our samples in our army were better).