India exporting military hardware to conflict zones while hiding the fact from the Bombay Stock Exchange
India exporting military hardware to conflict zones while hiding the fact from the Bombay Stock Exchange
09:57     15 November 2022    
India has an expansionist approach, but this approach now has gone far away from the region and now hampering peace in the Caucasian region, reports daily Pakistan Today.
India has an expansionist approach, but this approach now has gone far away from the region and now hampering peace in the Caucasian region, reports daily Pakistan Today. In an article written by foreign affairs expert Shazia Anwer Cheema titled “Is India’s expansionist approach creating a military imbalance in the Caucasian region?”, the writer indicates that two major arms deal with aggressor Armenia within one month by India confirms that New Delhi has some deep-rooted interests to meddle with Azerbaijan-Armenia conflict that would surely imbalance situation in favor of Armenia soon. The writer also indicates that exporting military hardware to a conflict zone is not acceptable in any stock exchange deals of the world, therefore, Indian company Bharat Forge Limited hides the reality while placing a deal in the Bombay Stock Exchange stating that deal is for a non-conflict zone. The writer added that on October 17, 2022, India had a deal to provide Pinaka multi-barrel rocket launchers and anti-tank rockets with a range of ammunition and now in November 2022, Bharat Forge Limited received an export order for 155 mm Artillery Gun from Yerevan. Though the company refrained from disclosing the buyer’s name however Indian Newspaper Business Standard reported on November 9 2022 that Bharat Forge’s subsidiary sold 155-mm artillery to Armenia. The point here is that company claims this deal is with a non-conflict country, “This order, to a non-conflict zone, are a great testament to the Government of India’s Aatma-Nirbhar-Bharat agenda and its sustained push to promote exports of Indigenously Designed Developed and Manufactured (IDDM) advanced defense platforms from India.” It is a pity to see that India’s Aatma-Nirbhar (self-reliance) agenda entered a hopeless situation of selling arms to a conflict zone. India has every right to Aatma-Nirbhar Bharat, but fueling the Azerbaijan-Armenia conflict for commercial purposes shows the ruthless ambition of the “make in India project” that seems to have no ethical boundaries and no moral values. It is the right of any sovereign country to fight for its self-reliance, but not at the cost of humanity and cynical eagerness to fuel a war.
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Editor's note: Eugene Chausovsky is a senior analyst at the Newlines Institute. Chausovsky previously served as senior Eurasia analyst at the geopolitical analysis firm Stratfor for more than 10 years. His work focuses on political, economic, and security issues pertaining to Russia, Eurasia, and the Middle East.