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Aerospace & Defense

Arms makers sign $8bn in deals with India amid regional strife

PM Modi's local production drive draws interest despite slow spending growth

Despite modest spending growth in recent years, India remains the world's second-largest arms importer, behind only Saudi Arabia.   © Reuters

LUCKNOW, India -- Military equipment makers are eager to expand in India, the world's second-largest arms importer. Their enthusiasm was evident at a recent trade show, where memorandums of understanding worth $8 billion were signed, a fourfold increase from just two years ago.

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