India is going to US Block and like many others (Including Pakistan) india will be stabbed by US once US' interests are fulfilled...New Delhi: India’s arms imports saw a 33 per cent drop between 2011-15 and 2016-20, with sales from Russia hit the hardest even as Moscow increased its exports to Beijing, new data shows.
In a report published Monday, Swedish think-tank Stockholm International Peace Research Institute (SIPRI) said Russia witnessed a 53 per cent fall in its arms exports to India even as Delhi’s imports from Paris increased.
The report said the drop in Indian arms imports seems to have been mainly on account of its complex procurement processes, combined with an attempt to reduce its dependence on Russian arms. It added that India is planning large-scale arms imports in the coming years from several suppliers.
The new data comes at a time when the Narendra Modi government is taking steps to reduce imports with a focus on Make in India.
In a written reply to the Rajya Sabha on 8 March, the Ministry of Defence said 304 contracts were signed for modernisation of armed forces in the previous five fiscals (2015-16 to 2019-20) and the current financial year (up to January 2021).
Out of the total, 190 contracts were signed with Indian vendors for capital procurement of defence equipment for armed forces.
In August last year, the government had released a negative list of 101 imports and their time tables. At the time, the ministry had said almost 260 schemes of such items were contracted by the tri-services at an approximate cost of Rs 3.5 lakh crore between April 2015 and August 2020.
With the latest embargo on import of 101 items, it is estimated that contracts worth almost Rs 4 lakh crore will be placed with the domestic industry within the next five to seven years.
Of these, items worth almost Rs 1.3 lakh crore each are anticipated for the Army and the Air Force, while items worth almost Rs 1.4 lakh crore are anticipated by the Navy.
In its report in April 2020, SIPRI had said with an expenditure of $71.1 billion in 2019, India emerged as the third largest military spender in the world, just behind the US and China.
The new data published by Swedish think-tank SIPRI comes at a time when the Narendra Modi govt is taking steps to reduce imports with a focus on Make in India.theprint.in
On other hand Pakistan is offering Russia what is has been wanting for decades... a road to warm waters of Asia..