Parrikar woos South Korean defence firms

April 17, 2015 20:21

Indian defence industry is likely to see $250 billion worth of business over the next decade, Defence Minister Manohar Parrikar said as he invited South Korean firms to make full use of 'Make-in-India' initiative.

Parrikar, who addressed an India-Korea Defence Industry Forum in Seoul, outlined the policy changes being brought by Prime Minister Narendra Modi's government to facilitate investment in defence sector.

He said the time had come for South Korean defence firms to take advantage of the high brand value enjoyed by Korean-made products in India and to enter the defence market as partners for the long-term

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