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...Indian Defense Minister, A.K. Antony, called this week's massive defense-industry trade show, Defexpo 2010, "an endeavor to showcase India's capabilities in land and naval systems as well as its emergence as an attractive destination for investment in the defense sector." His junior minister, M.M. Pallam Raju, was a little more blunt. He called the event, which attracted more than 600 companies from 35 countries, a "one-stop shop." India is emerging as one of the most important defense markets in the world, with billions of dollars to spend, and the global defense industry is only too happy...

Author: /time Magazine | Title: For the Arms Industry, India Is a Hot Market | 2/19/2010 | See Source »

...companies' jets are in the running: Boeing's F/A-18 E/F Super Hornet, Dassault Aviation's Rafale, Lockheed Martin's F-16, Russia's MiG-35, Saab's JAS 39 Gripen and the Eurofighter Typhoon from EADS, a six-nation European consortium. All of them sent teams of delegates to Defexpo. They hovered around their booths, giving impromptu presentations over free cappuccino to bureaucrats, army officers and local journalists. The bid is already in its final stages - Indian air force pilots are testing the planes in the field - so it is unlikely that the PowerPoint slides at Defexpo will sway...

Author: /time Magazine | Title: For the Arms Industry, India Is a Hot Market | 2/19/2010 | See Source »

...Northrop Grumman. "After our review, we decided to cater to India's homeland security." The company adapted one of its surveillance systems, for example, to identify suspicious vehicles at sea, the route that the Mumbai attackers are believed to have used. For the first time since the inaugural Defexpo in Delhi in 1999, Northrop Grumman has flown in representatives from all five of its units. "We are hoping for that one big sale in India," he says...

Author: /time Magazine | Title: For the Arms Industry, India Is a Hot Market | 2/19/2010 | See Source »

...question left unanswered at Defexpo 2010 was whether a country in which one-third of the adults are illiterate and 43% of children are malnourished should spend so much on weapons. India's central government spent $4.5 billion on education in 2008 - about the same amount that it plans to spend on 197 new helicopters. A handful of protesters picketed outside the gates of the exhibition hall on opening day, but they drew little notice. India's attention is firmly focused on what a defense-company representative called the "quality gap" between its weapons and those of its neighbors, Pakistan...

Author: /time Magazine | Title: For the Arms Industry, India Is a Hot Market | 2/19/2010 | See Source »

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