India Defence & Security Report Q2 2014 - New Market Report

Recently published research from Business Monitor International, "India Defence & Security Report Q2 2014", is now available at Fast Market Research

[USPRwire, Wed Feb 26 2014] Given the current regional security context, it is perhaps unsurprising that Q114 saw India engage in high level defence and security dialogues with both Japan and South Korea. Increased defence cooperation between India and the two East Asian powers is set to rattle China, with Beijing already expressing concern over New Delhi being 'courted' by Tokyo and Seoul. Like Japan and South Korea, India too is wary of an emerging China and the threat this poses to its own security. As well as being involved in several long-running territorial disputes with China, India is also sceptical of Beijing's strong strategic relations with Islamabad. The so-called 'stapled visas policy', which sees China issuing stapled visas for Indians domiciled in the Indian states of Jammu and Kashmir is seen as an implicit endorsement of Pakistan in its much publicized disputes with India. India has also taken a firm stand with Japan and South Korea regarding China's unilateral declaration of an Air Defense Identification Zone (ADIZ) in Q413, branding it a violation of international aviation law.

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Enhanced defence and security ties with Japan and South Korea will be manifested by increased defence sales, joint ventures, joint military exercises and security partnerships that look to address global and regional tensions. Following Japanese Prime Minister Shinzo Abe's visit to India in January 2014, it was announced that the pending sale of 15 ShinaMaywa US-2 amphibious patrol aircraft- a topic of interest for India since 2011- is moving forward, with a deal expected to be finalized sometime in 2014. This deal is expected to be worth US$1.65bn. During the bilateral talks, India invited Japan to participate in the annual 'Malabar' Naval exercises which India conducts with the United States.

In similar bilateral talks in January 2014 with South Korea, New Delhi agreed to enhance cooperation in cyber security, space and defence with Seoul. As part of what is the 'first-ever major bilateral defence deal' between the countries, South Korea will export up to eight mine countermeasure vessels (MCMVs) to India. South Korea defence contractor Kangnam Corporation will also transfer the MCMV technology to India, in the start of a joint venture between the two countries.

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