ANALYSIS: India’s big guns bazaar [Nitasha Kaul]

The recent Indian Defexpo 2010 (February 15-18) was “Asia’s biggest arms bazaar”, the sixth biennial exhibition of land and naval defence systems, with over 650 companies and official delegations from many countries around the world assembled in New Delhi. There was much discussion (for example, a lead article in Time magazine declared ‘For the Arms industry, India is a hot market’) not only of what was on offer but also of issues such as the potential of the Indian defence market (estimated to be 100 billion USD by 2020) and the growing presence of US, Israel, and even the UK as sources of competition for the traditional Indian business partners, such as Russia.



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