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MEA shoots down defence ministry's helicopter export

The prospects for India’s most promising defence export — the Dhruv Advanced Light Helicopter (ALH) — have just been dealt an unexpected blow. India’s Ministry of External Affairs (MEA) has turned down a Bolivian request for a line of credit to buy seven Dhruvs from Bangalore-based manufacturer Hindustan Aeronautics Limited (HAL). Senior officials in India’s Ministry of Defence (MoD) are livid. India’s defence exports languish at about Rs 300-400 crore per year, barely 1 per cent of the Rs 30,000 crore spent annually on importing weaponry. The export of ...