The introduction of the "Buy and Make (Indian)" category in the defense acquisition process aims to increase participation by the Indian Industry for meeting India’s requirements for state-of-the-art defense systems and platforms. The procedure will enable Indian defense sector firms to get into tie-ups with technology providers through the mode of technology transfer and joint ventures.
India needs to leverage its current and future defense aerospace purchases to create an indigenous high-technology aerospace industrial base that will underpin its national security and economic strength. For this to happen, the need for structural and regulatory reforms of this sector cannot be exaggerated.
Through the years India has established an impressive infrastructure of aerospace and defense research, development and manufacturing base, yet – except of strategic programs, for which India could depend only on itself, the defense sector failed to provide modern, effective military hardware that would par with the systems and technologies the Indian military deserve.
Close your account?
Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?