 "Industrialists Gautam Adani, Mukesh Ambani and Anand Mahindra attend the UP Investors' Summit 2018 at Indira Gandhi Pratishthan in Lucknow on Wednesday. Photo: PTI")
A day after Prime Minister Narendra Modi announced a mega defence manufacturing cluster in Uttar Pradesh, the ministry of defence (MoD) on Thursday pitched the state for substituting the country’s arms import bill.
India is the world’s largest military hardware importer and among the top five military spenders. Between 2012 and 2016, India accounted for about 13 per cent of the global arms imports.
India is projected to spend $250 billion on defence procurement over the next decade. In this backdrop, the Modi government has vigorously been pushing its agenda of shedding the largest arms importer tag by encouraging foreign
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