Page 94 - IACC Newsletter March-April 2014 Issue 03

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Candice Glover, R5 featuring Ross Lynch, DJ Young1, and Sesame Street's Mando, Rosita, Abby Cadabby, and Cookie
Monster, will perform on the Rock 'n' Egg Roll Stage.
The Official Emcee of the 2014 White House Easter Egg Roll is Tommy McFly, who will introduce acts on the Ellipse music
stage. The US Marine Corps Band will perform American classics. With the 'Hop into Healthy, Swing into Shape' theme, all
of the activities on the South Lawn promote healthy and active living.
"The activities include obstacle courses, yoga, dancing, playing sports with professional athletes, and of course, the
traditional egg roll," the White House said.
Copyright © Press Trust of India, All Rights Reserved.
India becomes biggest foreign buyer of US weapons
India imported $1.9 billion of military kit from the U.S. last year, making it the biggest foreign buyer of U.S. weapons,
according to research from IHS Jane's. The U.S., which remained the largest exporter of military equipment, displaced
Russia as India's biggest arms supplier. In total, the U.S. exported $25.2 billion of military equipment in 2013, compared
with $24.9 billion the previous year.
India, with total defense imports of $5.9 billion, became the most enthusiastic buyer from the U.S., knocking Saudi Arabia
out of the top spot with purchases that included Boeing's C-17A strategic transport aircraft and P-8I Maritime Patrol
Aircraft. "We are seeing trade patterns fundamentally change for the dominant players," said Ben Moores, senior analyst
at the security consultancy and the author of the report. "India is outpacing everyone."
India overtook China to become the biggest arms importer in 2010, according to the Stockholm International Peace
Research Institute, which monitors the global arms trade. Until now, however, most of India's contracted arms purchases
have been from Russia, partly because it has needed to replace or upgrade equipment bought from its former ally the
Soviet Union.
India has struggled to create indigenous manufacturing of high-tech weapons systems, and depends on imports in its
efforts to catch up with the better-equipped Chinese armed forces. "It is a big capability gap that's opened between the
Indians and the Chinese," said Mr. Moores. "India is buying a lot of high-end equipment from the Americans to address
that gap."
In 2009 India imported $237 million in military equipment from the U.S. but this jumped to $1.9 billion last year, as almost
half of its $13.4 billion defense procurement budget went overseas. India accounted for nearly 10 percent of the $63
billion international defense market, outstripping much of the Middle East and China.
Arms trade statistics can be volatile because of deliveries of high-value items such as aircraft. But the latest U.S.-India
data, which measures deliveries rather than sales contracts, is significant because other western arms exporters have
been unable to clinch deals with New Delhi in the face of periodic corruption scandals, slowing Indian growth and budget
constraints.
France's Dassault, for example, is still waiting for India to finalize a preliminary agreement to buy Rafale fighter jets that
could be worth up to $20 billion. AK Antony, India's defense minister, this month said his ministry had used up most of its
budget for the year ending in March and would make no large acquisitions until the next financial year.
"There is no money left," he said. "All major projects have to wait until April 1." The Middle East, meanwhile, continued to
import military equipment at a rapid pace, and now represents one-third of the global arms market.
Saudi Arabia, Oman and UAE together imported more than Western Europe as a whole, buying $9.3 billion-worth of
equipment compared with $8.7 billion for the latter. Saudi Arabia imported more than $5.4 billion worth of equipment,
more than double the $2.2 billion it bought in 2009. By 2015 its imports are expected to increase to $7.8 billion. The