IDD explainer In a long-pending reform, India, has allowed foreign original equipment manufacturers (OEMs) to invest upto 74 percent stake in Defence equipment manufacturing sector in India via the Foreign Direct Investment (FDI) route, allowing the OEM’s, a controlling stake in production. India is the second largest importer of weapons and equipment, accounting for 9.2
IDD Bureau The United States delegation to Def-Expo2020 will be largest. And the reason is simple; India-US bilateral defence trade moves northward reaching $18 billion in 2019. A decade ago, in 2008, it was less than $1 billion. The increased bilateral trade is increasingly becoming visible too. In all,14 US made platforms, the highest number
US-based Lockheed Martin (LM), the biggest arms manufacturing company of the world with an order book of over USD 47 Bn (FY 2017-2018), has said it is “committed to fostering” “India’s defence industry” through “game-changing defence partnerships.” LM was judged to be the biggest arms and military service manufacturing company beating its competitors like Boeing
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