Tag: foreign nations

Indian Government has finalised a new standard operating procedure (SOP) to speed up the sale of military equipment to friendly countries through defence lines of credit(LoC) which is similar to the foreign military sales (FMS) programme of the US. Currently,the SOP will be applied for defence PSUs and Ordnance Factory Board.After its working stabilises,the SOP… Continue reading India relaxes procedure to speed up arms sales to friendly foreign nations