Following the landslide
victory of Narendra Modi and the Hindu nationalist Bharatiya Janata Party (BJP)
in India's general elections in May 2014, India is poised for an era of a more
assertive foreign policy stance, which might boost defence-related activities.
In addition, after high level defence and security dialogues between India and
both Japan and South Korea in Q114, Japan-India defence ties are getting
stronger with the USA and Japan highlighting in April 2014 a trilateral
dialogue with India for 'peace and economic prosperity in the Asia-Pacific and
around the globe'. Increased defence cooperation between India and the two East
Asian powers is set to rattle China, with Beijing already expressing concern
over New Delhi being 'courted' by Tokyo and Seoul. Like Japan and South Korea,
India too is wary of an emerging China and the threat this poses to its own
security.
Enhanced defence and
security ties with Japan and South Korea will be manifested by increased
defence sales, joint ventures (JVs), joint military exercises and security
partnerships that look to address global and regional tensions. Following
Japanese Prime Minister Shinzo Abe's visit to India in January 2014, it was
announced that the pending sale of 15 ShinaMaywa US-2 amphibious patrol
aircraft- a topic of interest for India since 2011- is moving forward, with a
deal expected to be finalized in June 2014. The second round of negotiations
was held between Amitabh Kant, the new Department of Industrial Policy and
Promotion secretary and his Japanese counterparts. This deal is expected to be
worth USD1.65bn. During the bilateral talks, India invited Japan to participate
in the annual 'Malabar' Naval exercises which India conducts with the United
States.
Spanning over 107 pages, “India Defence and Security Report Q3 2014” report
covering the India Defence & Security SWOT, Industry Forecast, Market
Overview, Company Profile and Methodology.
See
Table of contents & Purchase this publication at: - http://mrr.cm/Zmh
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