India's arms import embargo hits makers in Russia, US and Israel

'Late but good step' pushes self-reliance in defense but unlikely to create jobs

20200814 India Akash missile

Three of India's indigenous Akash missiles, mounted on a truck, are displayed during a rehearsal for the Republic Day parade in New Delhi on Jan. 23. © Reuters

KAPIL KAJAL, Contributing writer

BENGALURU, India -- India's Defence Ministry has announced that it will cease imports of over 100 items for the Indian armed forces worth $47 billion. The move will affect purchases from major arms suppliers such as the U.S., Russia and Israel worth billions of dollars in the coming years, if the country achieves targeted domestic production.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.