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India to reduce imports, increase purchase of local arms: Antony

Feb 6, 2013 15:43 IST

#AK Antony   #Defence   #India   #WhatNext  

Bangalore: India is drawing up policies to boost its defence industry, the defence minster said today, as the government looks to increase local arms purchases and reduce imports.

Reuters

Reuters

India was "very very serious" about indigenisation, AK Antony said at an air show in the southern Indian city of Bangalore, adding that the country's defence procurement policy was being adjusted.

India, the world's biggest arms importer in recent years, plans to spend around $100 billion over the next 10 years to upgrade its largely Soviet-era military equipment as it looks to keep pace with neighbour and Asian rival China.

Reuters