CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India recently bagged USD ____ defence deal with Armenia?
A
10 million
B
20 million
C
30 million
D
40 million
Explanation: 

Detailed explanation-1: -India’s defence sector continues to grow as Armenia agreed to sign a US$40 million deal regarding the supply of state-of-the-art weapon locating radar systems, designed and developed in India.

Detailed explanation-2: -The recent US $155 million deal signed between Yerevan and a leading private Indian defence original equipment manufacturer, for the supply of 155 mm artillery systems to the former over the next three years, marks a continuation of New Delhi’s stated policy of deepening defence cooperation with Armenia.

Detailed explanation-3: -Union Budget 2022-23: Total allocation under capital outlay of Defence Services was enhanced to Rs 1.52 lakh crore in Budget 2022-23. 68% of capital procurement budget was earmarked for domestic industry to promote self-reliance and reduce import dependency.

Detailed explanation-4: -This latest arms deal follows a September 2022 $245 million contract Armenia signed with India to purchase Indian-made Pinaka multi-barrel rocket launchers, anti-tank rockets and various types of ammunition. In 2020, Armenia ordered four Swathi mobile radar units, at a cost of $40 million, from India.

Detailed explanation-5: -What weapons is India providing to Armenia? India in September 2022 signed contracts with Armenia to export weapons worth over Rs 2, 000 crores. According to a an Economic Times report the order included the indigenous Pinaka multi-barrel rocket launchers that are already in service with the Indian Army.

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