The Korean defense industry’s ambitious plan to sell 3 trillion won ($2.6 billion) worth of anti-aircraft artillery to India is on life support, with reports suggesting New Delhi may build the weapons on its own.
According to the Indian media outlet ThePrint on Thursday, the Indian Defense Ministry agreed in a meeting between top officials to scrap plans to overhaul its self propelled air defense gun missile system (SPAD-GMS) through foreign acquisitions, and instead manufacture the weapons domestically.
According to another Indian outlet, Financial Express, the decision was made to ensure the Indian Armed Forces’ dependency on imports was cut down, amid fierce competition between Korean arms maker Hanwha Defense and its Russian competitor to win the SPAD-GMS contract. Read More…
