South Korea bags Rs 15,000-cr deals for warships and tracked artillery

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Since the turn of the century, six arms suppliers have dominated India’s defence imports — USA, Russia, Israel, France and the UK. Now, a muscular new player, South Korea, is storming this lucrative club.  On Friday, in New Delhi, the governments of India and the Republic of Korea (or RoK, as South Korea is called) signed a memorandum of understanding (MoU) for joint shipbuilding, which clears the decks for cooperatively building five fleet support ships (FSS) for about Rs 10,000 crore. Read more

Credits: business-standard.com

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