Global defence firms line up as India goes shopping to update ageing fleet
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LUCKNOW (Reuters) - U.S. and European defence firms backed Indian Prime Minister Narendra Modi's military modernisation drive at a defence exhibition on Friday, despite a lengthy procurement process running into years and limited funds. Airbus SE and U.S.-based Lockheed Martin Corp and Boeing Co. are eying multi-billion dollar deals under Modi's aim to upgrade an ageing fleet of aircraft and enhance local arms manufacturing to cut imports."I feel encouraged overall," Anand Stanley, President..