EADS aims at slice of India's euro58bn arms budget - by Rhys Blakely
EADS, the European defence group, has become the latest Western arms supplier to set up shop in India as the country prepares to spend billions of pounds upgrading its dilapidated Soviet-era weaponry. Under a joint venture with Larsen & Toubro, India's largest engineering group, EADS will design and build systems ranging from weapons that scramble the electronics of enemy aircraft to portable bridges in a new facility near the western city of Pune. The project is the latest to target India's expanding arms spending. Its provisional weapons budget was increased by a third this year to euro 8b.
The jewel in the crown is a euro 8bn tender to supply 126 fighter jets, which is being fought over by five rivals including Boeing, MiG, of Russia, and the Eurofighter consortium, which includes EADS.
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