Lapsed tenders hurt Modi's "Make in India" defence industry push

April 7, 2015 9:31 PM

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NEW DELHI, April 8 (Reuters) - Indian firms have spurned some $15 billion worth of government tenders to make a range of weapons since 2013, Defence Ministry officials say, in a blow to Prime Minister Narendra Modi and his drive to wean the country off imported arms.

Executives cited unrealistic quality demands from a military short of planes, tanks and guns as a key reason for their reluctance to bid for projects. Complicating things further, the military doesn't want weapons from Indian firms with no track record in defence manufacturing, experts said.

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