India is now planning to strengthen its defence equipment so it has drawn up a shopping list for equipment sum to buy foreign fighter jets, armoured vehicles, submarines and military helicopters.All this can be brought to India on one condition, payment will be made if they are made in India.
The world's largest defence importer has recently announced a new policy inviting all the foreign defence manufacturers around the world.According to that they have planned to set up shop as minority partners inside India.The bidding process for submarines kick started in July.
Such deals after getting approved is sure to boost job creation.This is a good way to inject key defence technologies into India.Foreign companies say the opportunity is too good to miss.
