India, Russia Ink Defense Deals Worth $4.5 Billion
By Jay Menon email@example.com
Source: AWIN First
India in the last decade has diversified its military hardware procurement, especially toward the U.S., Israel, France and the U.K., due to commercial disagreements with Russia, and delayed delivery of weapons and spare parts.
However, Moscow remains New Delhi’s top supplier of arms, accounting for more than 60-70% of India’s arms purchase.
“It’s clear that because New Delhi has set a course for diversification of weapons suppliers, the competitive battle is escalating. Russia is ready for this,” Russia’s ambassador to India, Alexander Kadakin, said in an interview posted Dec. 24 on the Russian Foreign Ministry web site.