By VIVEK RAGHUVANSHI
NEW DELHI — India remains the largest importer of weaponry in the world, receiving an estimated 70 percent of the $100 billion market sent overseas each year. Experts say India will remain the leading importer for five more years.
But after that, this market could be up for grabs by India’s emerging technological powerhouses in a range of key technologies.
“Private industry is really motoring here, it really is,” said Gerald Howarth, Britain’s minister for international security strategy.
The key to a shift is a combination of looser government controls on private industry and foreign direct investment, and maturing technological and manufacturing capacity in local industries.
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