French defence firms ready to build locally for massive Indian market


French firms scout for local partners after the Indian government said new $200-billion defence spending would go on weaponry built in India.

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With India expected to spend more than $200 billion in the next decade to modernise its military, French defence firms are eyeing a piece of the cake and are ready to "adapt" to Indian Prime Minister Narendra Modi's 'Make in India' push, reports The Economic Times.