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India confirms 44 defence joint ventures

by Jon Grevatt

Foreign companies in India have formed more than 40 defence joint ventures (JVs) with local firms, India’s Minister of State for Defence Shripad Naik has confirmed in parliament.

In his parliamentary reply, Naik said 44 proposals for foreign direct investment (FDI) and JVs have now been approved by the government in the area of defence manufacturing.

Defence products manufactured by the JVs, he said, included fixed-wing aircraft, aero-structures and components, simulators, unmanned aerial systems, optical devices, radar systems, mortars, and military vehicles.

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https://www.janes.com/defence-news/news-detail/india-confirms-44-defence-joint-ventures

Foreign companies in India have formed more than 40 defence joint ventures (JVs) with local firms, I...

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