While financial outlays are important, much can be achieved in military modernisation though improved acquisition procedures, informed decision making, improved productivity of the public sector workforce, co-opting the private sector in a big way in the manufacturing process and by creating a business-friendly eco-system. We also need to shed our ideological chains with respect to exports of weapons and platforms. Thankfully, this has begun.
Author: Maj Gen Dhruv C Katoch SM, VSM
The latest move to increase FDI in defence to 74 per cent through the automatic route, giving the foreign investor controlling interest, will likely lead to increased FDI inflows in the defence sector. Should this materialise, it would bring in much needed technology and finances, giving a huge boost to[Read More…]