India Gets its Guns

Driven partly by its developing rivalry with China, India is welcoming global gun manufacturers to set up shop to produce small arms including handguns, rifles, carbines, sub-machine guns, light machine guns and grenade launchers. New investment rules allow private players to establish manufacturing units, sell to Indian defense forces and even cater to export orders. Forty-nine per cent foreign ownership will be permitted automatically but up to 100 percent FDI can be allowed if “modern technology”' is used to manufacture indigenously. Top global manufacturers including Colt’s Manufacturing Co., Heckler & Koch and Israeli Weapon Industry and others have already huddled with Indian companies to establish synergies and gain a foothold in the sector.

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