Australia’s Prime Minister Malcolm Turnbull attends a press conference at Parliament House in Canberra. (AP) Australia’s Prime Minister Malcolm Turnbull attends a press conference at Parliament House in Canberra. (AP)The Australian government announced on Monday a new strategy to boost Australia into the ranks of the top 10 defense industry exporting countries within a decade. The government will create a 3.8 billion Australian dollar (USD 3.1 billion) fund to lend to exporters that banks are reluctant to finance, Defence Industry Minister Christopher Pyne said. “This isn’t about providing weapons or arms to rogue regimes or anything like that,” Ciobo told Nine Network television.

Source: Indian Express January 29, 2018 03:20 UTC