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Indian Armored Vehicle Market on the Rise
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Overview
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The Indian armored vehicles market is growing due to increased procurement efforts to address security concerns. Major contracts have been awarded to companies like Mahindra Defence Systems and Paramount Group for manufacturing armored tactical vehicles and combat vehicles.
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How will the expansion of Paramount Group's manufacturing facility impact the Indian defense industry?
What are the potential implications of the production of armored personnel carrier in India?
What are the specific security concerns that the Indian government is addressing through increased procurement efforts?
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