BAE Offers Modi Made-in-India Guns for China Strike Force

http://www.bloomberg.com/news/2015-01-15/bae-offers-modi-made-in-india-guns-for-china-strike-force.html

Modi is trying to stoke arms production to curb overseas purchases by the world’s biggest importer of major conventional weapons. He raised the cap on foreign-direct investment in defense to 49 percent from 26 percent two months after taking power in May. Kelly said BAE Systems for now aims to transfer technology to a local partner rather than opt for a joint venture.