India should shed 'world's largest arms importer' tag: Official
Secretary in Department of Defense Production (DP) Ajay Kumar today said India has overtaken China as the world's largest arms importer and should shed the tag. He said the public-private partnership in defense in India is being encouraged to step up arms exports and licensing system in some items had been liberalized. "India is the world's largest arms importer", he said. Here's more.
Mexico has huge aero-manufacturing base, exports to US, Europe: Kumar
Kumar, who was speaking over video conference from New Delhi at a seminar organized by Bharat Chamber of Commerce in Kolkata, said, "If China could (reduce dependence on imports productions) then why cannot India?" Citing the instance of Mexico, Kumar said the central American country has established a huge aero-manufacturing base and exports to the US and Europe.
UNSC members responsible for 74% of global arms trade: Kumar
According to Kumar, the five permanent members of the United Nations Security Council (UNSC) are responsible for 74% of the global arms trade. "What part of that pie we need to have?" he asked, adding that many countries were willing to buy arms from India. Kumar said that testing infrastructure would be set up for the private sector also.
