According to the latest Jane’s Report, released by research firm IHS Markit on Dec. 12, India will become the world’s third largest military spender in 2018 surpassing UK and Saudi Arabia which currently occupy the third and fourth places. Craig Caffrey, principal analyst, IHS Jane's said, "What we expect to...
U.K. and India Sign Civil Nuclear Agreement
On the first day of Indian Prime Minister Narendra Modi's official visit to Great Britain in November, Prime Minister David Cameron signed a civil nuclear agreement with its former colony, reaffirming the importance of addressing climate change and promoting “secure, affordable and sustainable supplies of energy”. The U.K. Department of...
Indian Economy Shows ‘Firming Growth’ Says OECD
In the September release of the Composite Leading Indicators (CLIs) that are designed to anticipate turning points in economic activity relative to trend, the Paris-based Organization for Economic Cooperation and Development (OECD) said India is expected to see “firming growth”. As reported on their Website, the CLIs signal stable growth...
Modi Government Signed 18 Contracts for $20.1 Billion in its First 9 Months
The Defense Ministry of India has signed 18 international contracts worth $20.1 billion between May 2014 and February 2015. The contracts were signed with armaments manufacturers from USA, Russia, the UK, Israel, Germany and France reports Defense World. “Defense Procurement Procedure details direct dealing with the original equipment manufacturers, authorized...
India Continues to Leads Weapons Imports
The volume of international transfers of major weapons in 2010–14 was 16 per cent higher than in 2005–2009 according to a new report by the Stockholm International Peace Research Institute. The five biggest exporters in 2010–14 were the United States, Russia, China, Germany and France, and the five biggest importers...
Lush to enter India with Delhi Store
The beauty brand Lush, which runs 900 stores globally, wants to open a store in Delhi by the end of 2014. “Our investment will initially be limited to setting up and running a single shop in Delhi…. If the market responds well, we plan to develop this into a much larger...