Modi India PM
NEW DELHI: Global companies from Lockheed Martin to Sweden’s Saab AB are offering military hardware from submarines to helicopters to Prime Minister Narendra Modi’s government as part of his US$250bil defence modernisation programme. But bureaucratic delays and a funding crunch has made future deals next to impossible.
Airbus SE won a US$1.7bil contract to supply transport planes to the Indian Air Force in 2015 – it’s first military agreement in the South Asian nation since 1962. Five years later, that deal is yet to be signed.
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