India embarked upon the liberalisation path in 1991 by dismantling the Licence, Quota, Permit Raj. A decade later, the defence sector allowed 100 percent private sector participation with 26 percent Foreign Direct Investment (FDI). The offset policy in 2005 and its subsequent refinements aimed at leveraging India's big ticket acquisitions to bring in substantial FDI, Joint Ventures (JVs) and outsourcing arrangements, thereby improving the self-reliance quotient. Despite such policy initiatives, India's military industry capability and self-reliance remain at a low ebb. There is considerable...
India embarked upon the liberalisation path in 1991 by dismantling the Licence, Quota, Permit Raj. A decade later, the defence sector allowed 100 perc...
