Together, the United States, European Union, and Russia combine for over 80% of weapons exports, while the rest of the world fills out the “longtail” of the exporter distribution.Meanwhile, India is the largest importer of arms with 70% coming from Russia, 12% from U.S and Israel (7%) as other major partners.
This is one industry where make in India needs to succeed. The thinking in government is on right lines for joint parterships with overseas arms manufacturer getting invites for setting up manufacturing facilities in India to make for India and making India as an export hub to rest of the world. This will create more job opportunities for us.Although technology transfer is a contentious issue, still we will learn from these companies and, who knows, in few years with Make in India initiative our reliance on imports from these countries will go down thereby saving precious foreign exchange which can be used for more productive purpose