India eyes Bangladesh askey market for military hardware
Hindustan TimesIndia is eyeing Bangladesh as a market for a range of military hardware, from specialist vehicles to helicopters, and maintenance of Russian origin equipment following the operationalisation of a $500 million line of credit for defence purchases, people familiar with the matter said. While India offered the $500 million line of credit for defence purchases to Bangladesh in 2019, it was operationalised in September 2022 with a contract for what was described at the time by foreign secretary Vinay Kwatra as a “modest amount”. Briefing the media after a visit to India by Bangladesh Prime Minister Sheikh Hasina, Kwatra had said this contract was “an important first step” that will open up the path for further engagement in defence. “India has a good strategy and action plan in place, backed by forward-looking policies, to ensure self-reliance in defence, and boost the country’s status as a net exporter of weapons in the coming years,” military affairs expert Lt Gen Vinod Bhatia earlier said.
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