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| IMI Website |
NEW DELHI, Aug. 10 (UPI) -- India's government in March banned several foreign defense contractors from bidding on contracts.
The restrictions are to last a decade
India is a key export market for Israeli defense firms, including Israel Military Industries, Israel Aerospace Industries, Rafael Advanced Defense Systems and Elbit Systems.
Defense imports are critical for India's defense establishment, which, lacking a domestic military industrial base, remains dependent on foreign imports for roughly 70 percent of its military purchases.
The ban, which includes IMI, has attracted critics, as shortsighted.
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