For consolidating indias position beyond its
Delta Corp Ltd is acquiring Gauss Network Pvt Ltd, which owns Adda52.com, India’s No1 poker site, in a part cash, part equity deal.
Delta Corp is the largest and only listed company in the gaming and hospitality segment in India.
Long among the world’s top importers of weapons, India now wants to turn its military related trade into a two-way affair by enhancing defense exports from its soil.
This new emphasis on exporting military wares has yielded early results with Indian defense exports doubling over the course of the past year to about 0 million.
India’s defense minister Manohar Parrikar, however, has set his sights higher and wants annual military exports to touch billion in a couple of years.
While the initial growth in sales has been driven by exports of military stores due to the removal of excessive controls, reaching Parrikar’s target would require Indian diplomacy to re-orient itself toward securing weapons contracts for major indigenously-developed systems under the aegis of the government’s “Strategy for Defense Exports” (SDE).