The four-day "DefExpo" in New Delhi is also expected to see several big-ticket deals confirmed, with US firms hoping to take a slice of a market that was traditionally the domain of India's Cold War ally Russia.
India's Defence Minister A.K. Antony insisted the event did not signal that his country was engaged in an arms race with its nuclear-armed neighbours and rivals Pakistan and China.
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"India is buying equipment so that we can offer a deterrent. We are not preparing for war," he told reporters.
Since 1999, nuclear-armed India's military purchases have been worth 25 billion dollars.
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And the country, which has the world's fourth largest military and is Asia's second-fastest growing economy, will be spending eve