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Weapons of Mass Destruction (WMD)

India Signs $5.5Bln-Worth of Military Procurement Deals in Six Months

Sputnik News

14:13 15.03.2016(updated 14:24 15.03.2016)

Indian defense ministry signed 28 contracts - 18 with Indian companies and 10 with firms from Russia, the United States, Sweden and Israel - totaling to approximately $5.5 billion, according to official statement.

NEW DELHI (Sputnik) – India, over the past six months, has signed contracts for the purchase of military equipment from domestic and foreign companies totaling to approximately $5.5 billion, the country's defense ministry said Tuesday.

In total, 28 contracts – 18 with Indian companies and 10 with firms from Russia, the United States, Sweden and Israel – have been signed during this period, according to the ministry.

Russia and India have enjoyed mutually beneficial strategic relations, especially in the field of defense and military cooperation, since the 1960s.

Russia is among India's foremost weapons suppliers.

In February, the Indian Defense Ministry said that during the period 2012-2015, India signed 162 defense contracts to procure arms worth $19.5 billion, including 67 deals with foreign companies, including 18 with Russia and 17 with the United States.

Sputnik



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