Can India Become An Arms Producer?


The recent policy announcement of a 100 percent limit in FDI in the defence sector is another turning point in India’s quest for self reliance in arms production. For long, the industry and the business sector in India and abroad have been demanding unlimited access to foreign investments in defence sector on the same lines as it exists in other sectors.

any aspects of the demand have been debated since the limit was raised to 49 percent last year. The new policy initiative, along with the not so old Defence Production Policy and Defence Procurement Procedures (DPP) should bring cheers to foreign companies willing to invest in India while retaining their management control.

However, an unlimited FDI limit is just one of the many steps needed to convert the Government’s initiative of ‘Make in India’ into a successful campaign and propel India’s quest for self reliance in arms and weapons production. Read More

 

You may also read!

Surfing internet in plane soon possible, but voice call has to wait

Your wait to use mobile phones on airplanes may soon be over, but you may only get to surf

Read More...

Future of ties will depend on Pakistan acting on terror: US official

The United States has still not seen decisive action by Pakistan against terrorists operating from its soil a year

Read More...

Separatist shutdown affects life in Kashmir Valley

A shutdown called by separatists affected life across the Kashmir Valley on Thursday with heavy security deployed here and

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu