Friday, 10 August 2012

India remains the largest importer of arms until 2016 (Russian expert)

India remains the largest importer of weapons, including Russian-made, until 2016, said Thursday in Moscow Igor Korottchenko, Director of Russian Centre for Analysis of global trade in arms (TsAMTO).

"India will remain the world's largest importer of military goods in 2012 and during the next four years, from 2012 to 2015," said M.Korottchenko.

In 2012, India will import military products for $ 6.9 billion including weapons and equipment made in Russia for $ 5 billion, according TsAMTO. This represents 9.83% of global military imports.

"A total Indian military imports are forecast at 38.25 billion dollars from 2012 to 2015 with 14.3 billion for weapons and military equipment in Russia. Saudi Arabia and the UAE will occupy the second and third in the world in 2012-2015 and 29.57 respectively with $ 16.4 billion for military imports, "said M.Korottchenko.

The United States and Australia, the second and third largest arms importers in 2008-2011, declined in the 4th and 5th. Moreover, the United States, which export arms over 30 billion a year, remains the country's largest exporter of military goods.

"Russia can strengthen its position in the Indian market arms if it wins the tender for the Indian purchase of six submarines to conventional propulsion. Our submarine project 677th Love-1650 is likely to win thanks to its unique performance, "the expert noted.

Love-1650 AIP (version export of submersible Project 677 Lada) in December 2011 has been involved in a bidding Indian Project 75 (I) for the purchase of six submarines for 11.8 billion. Its competitors are the Scorpene (France), the Type 214 (Germany), the S-80 (Spain).

The submarine St. Petersburg diesel-powered and electric (Lada project) is operated on a trial basis by the Russian Navy since 2010.
Asian Defence News

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