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The article also implies in cold war era it had been fairly easy to purchase Russian arms on cash or credit. But, to my knowledge, BD didn't made any military purchase from Russia at that time. I think it had something to do with India-Russia relationship/defence co-operation as BD Army has perceived India as a defence threat (and is not supposed to buy the same/similar arms/equipment and perhaps even from the same manufacturer).
What you list is not correct. The main reason is far more mundane - BD simply did not have the money to put in expensive arms then. The Chinese are far cheaper.
After 3 decades of continually improving its society and economy, BD is today in a position to buy such arms.
Buying or not buying any weapon on account of India is not an issue for BD. Practically nothing that BD can buy would create even a minor deterrence or even delay if India wages war against BD. The difference is simply too big to be bridged. That however is entirely irrelevant, considering that India and BD would never go to war.
The second factor- maybe- can be that having similar equipment that India has has of Russian origin, it would tremendously reduce the maintenance and ownership costs for BD. The know how and other things can be shared. It would result in a far higher uptime for the military equipment than otherwise.
For example - India and Malaysia share the same for Scorpene submarines.
The Su-30's that Indonesia bought have Indian components - including the mission computer - and IAF pilots trained the Indonesians. All the support, maintenance, etc would be done in India and with Indian engineers. All this dramatically lowers the costs for other countries to have this done in India rather than Russia along with a lower down time for the equipment.