A report from the Stockholm International Peace Research Institute (SIPRI) has found India to be the largest importer of defense equipment in the world, accounting for 13% of global arms imports. Part of a what's been called a strategic partnerships model, this initiative allows select private companies in India to make inroads into the lucrative defense equipment business. A quick assessment of India's nascent defense sector makes it clear that this initiative is bound to be lucrative for local startups, plying their trade as equipment suppliers to the Indian armed forces. The company has provided environmental test systems for Agni, India's ballistic missiles program. With these testing solutions, failures and flaws can be detected before the equipment reaches the front, thereby helping the nation save millions in its defense budget.

Source: Forbes August 14, 2017 04:52 UTC