MAKE IN INDIA: AN APPRAISAL 2022

摘要

There is a need to promote investment in the defence sector, both in RD and production, thereby resulting in higher self-reliance and indigenisation. While putting in place the policy framework and procedural mechanisms, the thrust would be on indigenous production and exploring possibilities of exports to other nations that may look forward to supplies from India. Since the defence technology needs long term investment, its obsolescence is high with low economies of scale. Hence, the policy of maximising indigenous production without well supported RD policy and export strategy may not bring the desired results. Therefore, the defence industrial policy has to be supplemented by the strategy for defence exports without which the economic base of the defence industry would be difficult to sustain in the present competitive environment in the economy.