Gujarati people

Serbia's SDPR in EUR 2.7bn strategic deal with India

India's Anil Ambani Group company Reliance Defence Ammunition (RDL) has entered a 10-year strategic partnership with Serbia's state-owned Yugoimport SDPR.

According to Indian media, the deal is worth EUR 2.7 billion and concerns manufacturing of ammunition in India, "and targeting business opportunities."

Serbia's SDPR in EUR 2.7bn strategic deal with Indians

India's Anil Ambani Group company Reliance Defence Ammunition (RDL) has entered a 10-year strategic partnership with Serbia’s state-owned Yugoimport SDPR.

According to Indian media, the deal is worth EUR 2.7 billion and concerns manufacturing of ammunition in India, "and targeting business opportunities."

India approves new defense policy to boost local companies

India's cabinet on May 24 approved a long-awaited policy to boost local manufacturing of high-tech defense equipment and cut down reliance on expensive imports.

Under the new Strategic Partnership model, the government will pick Indian companies to tie up with foreign organizations to manufacture fighter jets, armored vehicles, helicopters and submarines locally.

INTERVIEW: Basharat Peer on Turkey, India and the new populism

The Turkey of Recep Tayyip Erdoğan and the India of Narendra Modi are seen as pioneers of a new style of populism. Both President Erdoğan and Prime Minister Modi tap into a simmering reservoir of resentment, historical injury and frustration, directing anger against domestic and foreign "enemies of the people." With the election of Donald Trump as U.S.

Modi promises to ease cash crunch

Prime Minister Narendra Modi urged Indians on Nov. 14 to give him more time to resolve a cash crisis that followed the withdrawal of high-value notes, insisting the shock move would benefit the poor in the long run. His comments came as the government said it was increasing a weekly cash withdrawal limit and taking steps to help people in remote areas access money as frustration mounted.

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