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India begins privatisation of defense industry

Mahindra & Mahindra Ltd has obtained a licence from the government to produce small arms and associated ammunition. This, according to sources in the company, has been done in anticipation of a large order from the armed forces. This is the first licence handed out for making arms and ammo in the private sector. Even though the stated goal of M&M is to supply to the Indian armed forces, one can always hope that the highly lucrative civilian market will not escape their attention. Finally we might get to buy some quality Indian made guns & ammo. Something to look forward to...

You can read the original article at Rediff here.

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