Mahindra

War Profiteer of the Month: Mahindra

The Mahindra Group is a large industrial conglomerate in India, with operations in the automotive, farm equipment, financial services, trade and logistics, automotive components, after-market, IT and infrastructure sectors. It is considered to be one of the most reputable Indian industrial houses, with the market leadership in Utility Vehicles as well as Tractors in India. The Mahindra Group has a global presence with operations on every continent except Antarctica. Their headquarters are located at Mahindra Towers in Mumbai.

History

Push for military-industrial complex in India?

Indian acquisitions of military hardware are the hot topic in the global armaments bazaar. India is expected to spend around $30 billion on arms imports over the next few years. India is perhaps the world’s largest importer of armaments with annual expenditure of around $6 billion on this count, a sizeable proportion of India’s defence budget of $28 billion for 2009-10.

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