New Delhi has approved a $22 billion increase in defence spending, a move that comes as tensions with China over the disputed border remain high.
The budgetary boost is part of a broader effort to modernise the Indian armed forces and to address growing security concerns in the region.
Industry analysts note that the expanded defence market is likely to attract substantial interest from foreign manufacturers, particularly those based in the United States, Israel and Russia.
These countries already supply a range of weapons systems to India, and the new funding is expected to create further opportunities for joint projects and technology transfers.
India’s defence sector is one of the largest in Asia, and the recent allocation signals a continued commitment to strengthening the nation’s military capabilities.
<small>Source: CNBC — read the original story there.</small>