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India shifts to new policy of purchases for armed forces — defense minister

The new rules of defense purchases made public on the Defense Ministry’s website on Monday morning envisage greater transparency and faster contract procedures

India’s Defense Minister Manohar Parrikar EPA/SANJAY BAID

India’s Defense Minister Manohar Parrikar

© EPA/SANJAY BAID

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Russia remains biggest arms supplier to India

NEW DELHI, March 28. /TASS/. India’s Defense Minister Manohar Parrikar has presented India’s new policy of defense purchases.

The new rules of defense purchases made public on the Defense Ministry’s website on Monday morning envisage greater transparency and faster contract procedures, Parrikar said at the DEFEXPO-2016 exhibition in Goa. What is most important is the Indian government has taken a proactive stance in promoting the program Make in India and it invites manufacturers from all countries to contribute to the development of the national defense industry, he said.

The chief executive officer of the state corporation Rostec, Sergey Chemezov, has said "India for many years has been Russia’s strategic partner and today we are exploring opportunities for wider cooperation in accordance with this vector."

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Russian arms exporter refutes reports on losing its positions on Indian arms market

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