Current Affairs - International - Discussion
Discussion Forum : International - Latest Current Affairs (Q.No. 354)
354.
Which country aims to localize 50% of its defence spending under Vision 2030?
Answer: Option
Explanation:
Saudi Arabia's Vision 2030 focuses on localizing 50% of its defence spending to reduce reliance on imports and bolster its indigenous defence industry. This aligns with India's Make in India initiative, promoting joint ventures and technological collaborations in areas such as shipbuilding, AI, and cybersecurity. The growing defence cooperation between India and Saudi Arabia highlights the mutual goal of self-reliance and technology sharing, strengthening their bilateral ties.
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