The Indian Armed Forces, with a personnel strength of .... million soldiers, has kept the nation together through various crises and insurgencies along the borders for over six decades since independence. It is the first and last line of defence with large-scale operational capabilities committed to preserve the nations pride and assets. The ongoing military modernisation programme of the Indian Armed Forces is a continuing process - designed to enhance the capabilities of the Armed Forces to not only defend India's sovernitgy but also her economic and strategic interests in any part of the globe. As suggested by the US think tank, India will be raising the limit of foreign direct investment from 26% upto 50% to convince foreign companies to invest more in India's fast growing Defence industry. In the last decade, India has outflanked its immediate neighbour China as the world's largest arms importer for a variety of reasons apart from strengthening military
capabilities. The modernisation program also reflects the political establishment's desire to transform the Indian Armed Forces into a modern agile, lean, mean force capable of confronting multiple threats such as cross-border terrorism, international piracy and strengthening its border against hostile designs in the changing geo-political scenario of the 21st century. According to Defencenews.in, to further strengthen the military ties, India and Russia are co-developing a 5th generation state-of-the-art fighter jet which is valued at over $35 billion. Other major projects involve developing a Multirole Transport Aircraft (MRTA) and warship building capabilities. The Indian Air Force (IAF) on its part is in the process of acquiring new aircrafts to increase its current combat aircraft squadron strength. The contracts signed by the IAF for its modernisation programme in the 11th plan and amounts to Rs. 1.12 lakh crore and is to be executed by 2017. The completion of th
is plan
will account to 70% of modernisation that will be accomplished by the year 2017. India is expecting to input billions of dollars on its military modernisation drive in the coming years designed around an ambitious road-map to produce military hardware indigenously by the end of next decade. In light of these recent developments, Fleming Gulf will host the 'Defence Modernisation India Summit' in New Delhi, India on 29th and 30th November 2012, that will aim to provide strategic insights and trends of national interest to boost the optimism of the Indian Defence Industry.Notes to EditorFleming Gulf delivers the most comprehensive business events by leveraging our network of industry influencers with specialist knowledge to provide organisations the winning edge that makes a difference in their decision making in today's competitive business landscape.Read more on
IndiaPRwire.com
capabilities. The modernisation program also reflects the political establishment's desire to transform the Indian Armed Forces into a modern agile, lean, mean force capable of confronting multiple threats such as cross-border terrorism, international piracy and strengthening its border against hostile designs in the changing geo-political scenario of the 21st century. According to Defencenews.in, to further strengthen the military ties, India and Russia are co-developing a 5th generation state-of-the-art fighter jet which is valued at over $35 billion. Other major projects involve developing a Multirole Transport Aircraft (MRTA) and warship building capabilities. The Indian Air Force (IAF) on its part is in the process of acquiring new aircrafts to increase its current combat aircraft squadron strength. The contracts signed by the IAF for its modernisation programme in the 11th plan and amounts to Rs. 1.12 lakh crore and is to be executed by 2017. The completion of th
is plan
will account to 70% of modernisation that will be accomplished by the year 2017. India is expecting to input billions of dollars on its military modernisation drive in the coming years designed around an ambitious road-map to produce military hardware indigenously by the end of next decade. In light of these recent developments, Fleming Gulf will host the 'Defence Modernisation India Summit' in New Delhi, India on 29th and 30th November 2012, that will aim to provide strategic insights and trends of national interest to boost the optimism of the Indian Defence Industry.Notes to EditorFleming Gulf delivers the most comprehensive business events by leveraging our network of industry influencers with specialist knowledge to provide organisations the winning edge that makes a difference in their decision making in today's competitive business landscape.Read more on
IndiaPRwire.com
Posted by: |