Indian Firms Tool Up For Defense Orders On Modi's 'buy India' Pledge

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Indian Firms Tool Up For Defense Orders On Modi's 'buy India' Pledge

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Indian Firms Tool Up For Defense Orders On Modi's 'buy India' Pledge

by Wochit 0:50 mins

Indian Firms Tool Up For Defense Orders On Modi's 'buy India' Pledge

by Wochit 0:50 mins

Even before his landslide election victory in May, Prime Minister Narendra Modi promised to assert India's military prowess and meet the security challenge posed by a rising China and long-running tensions with Pakistan. Within weeks of becoming prime minister, he boosted defense spending by 12 percent to around $37 billion for the current fiscal year and approved plans to allow more foreign investment into local industry to jump-start production.

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