Strengthen private sector participation in defence equipment production

Defence is a strange business. It has been showing a great potential to all the players but the realities are completely different. We don’t witness huge growth of revenues, even in defence public sector unit. Ministry of Defence (MoD) has been surrendering unspent amounts of allocation. Government has been taking lot of efforts in promoting Make in India and FDI in defence but we are yet to see any drastic change in the landscape.

The armed forces are still starving in their needs for modernised weapons & upgrades. Developing the local supply chain is still a long way and we keep