India's $100B arms market now open to US
From Wednesday, February 12, 2003
Now if only India could spend $100B on other needs of the country, maybe Pakistan would do the same, and the people of these populous countries would fare much better. According to this New York Times story (registration required):
Leading military equipment makers from around the globe are aggressively promoting their products to India's huge defense market, with its $100 billion in expected spending in the next decade.
Scores of companies converged in Bangalore last week for Aero India 2003, a trade show held every two years for aircraft and military companies. They included companies from the United States, Britain, France, Russia and Israel — countries that dominate the global military supplies trade. American companies had missed the last two shows because of sanctions imposed by President Clinton. Those sanctions have been lifted by President Bush.