India and Central Asia Defence Cooperation Challenges and Opportunities

[...]in February 2020, the India-Central Asia Business Council (ICABC) was established to address the concerns surrounding the low volume of trade and investment between the two regions. Despite significant fluctuations in recent years, Tajikistan's military spending tended to rise from 1998 to...

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Published inIndian foreign affairs journal : a quarterly of the Association of Indian Diplomats Vol. 16; no. 4; pp. 331 - 340
Main Author Gupta, Pravesh Kumar
Format Journal Article
LanguageEnglish
Published New Delhi Prints Publications Pvt Ltd 01.10.2021
Prints Publications Pvt. Ltd
Subjects
Clergy
Cooperation
Councils
Defense spending
Diplomatic & consular services
International trade
Leadership
Manufacturing
Military exercises
Military medicine
Military training
Prime ministers
Regional security
Statistics
Afghanistan
Iran
United States > US
Uzbekistan
Central Asia
Kazakhstan
Turkmenistan
Tajikistan
Kyrgyzstan
Russia
India
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Summary:[...]in February 2020, the India-Central Asia Business Council (ICABC) was established to address the concerns surrounding the low volume of trade and investment between the two regions. Despite significant fluctuations in recent years, Tajikistan's military spending tended to rise from 1998 to 2021, reaching US$ 82 million.3 Uzbekistan's military spending increased by 2,560.79 percent between 2003 and 2018, from US$ 54 million to US$ 1,440 million.4 Given recent developments in relations between India and Central Asia, the defence sector has a lot of growth opportunities. [...]in addition to training and exercises, joint defence production, military medicine, and other types of expanded defence cooperation are now required. According to the statistics, bilateral trade in 2019-20 totalled US$ 2.45 billion, representing a 188.56 percent growth from the previous year.5 It is worth noting that, as of 2020, around 700 legal firms and branches with Indian capital participation are registered in Kazakhstan.
ISSN:0973-3248
2229-5372