While the US cuts defense spending...
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Captain Alok Bhatnagar, director of naval plans at India’s ministry of defence, said on Thursday that 32 warships and submarines were under construction in the country’s shipyards. Work on 75 more ships, including aircraft carriers, destroyers, frigates and amphibious vessels, would begin over 10 years.
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http://www.ft.com/cms/s/0/16de2e94-7...44feabdc0.html