Trump Admin Urges U.S. Defence Firms to Tap India’s Expanding Military Market

India boasts the world's third-largest armed forces and plans to invest billions in defense acquisitions over the next few years, said the Department of Commerce.

The Aerospace and Defense Meetings in Chennai is scheduled for October 7-9 this year. / Screenshot

The Trump Administration is encouraging the country’s strong defence industry to target India, which presents a lucrative market for foreign defence manufacturers.

“As one of the largest importers of defence equipment, India presents a lucrative market for foreign defence manufacturers, importing around 60 per cent of its defence requirements,” the US Department of Commerce said in a communication to the American defence industry.

India boasts the world's third-largest armed forces and plans to invest billions in defense acquisitions over the next few years, said the Department of Commerce as it sent an invitation to them to attend a webinar to find out more about the aerospace and defense market in India as well as the Aerospace and Defense Meetings (ADM) Chennai show.

This post is for paying subscribers only

SUBSCRIBE NOW

Comments

This is a Premium Article, available exclusively to our subscribers.

Read 500+ such News or articles every month by subscribing today!
Monthly

Free

Limited Access

Limited View

Free weekly E-Paper

Subscribe Now
Monthly

$10

Full Access

Unlimited View

Free weekly E-Paper

Free daily newsletter

Subscribe Now
Annual

$50

Full Access

Unlimited View

Free weekly E-Paper

Free daily newsletter

Subscribe Now
Start the conversation

Become a member of New India Abroad to start commenting.

Sign Up Now

Already have an account? Login