Private defence business gets one more nudge
India is yet again working the policy lever to get private players into defence production. Will it work?
Indian companies, which have seen many a false dawn in the defence sector, are latching on to this new push, saying the right things, initiating plans and doing the odd deal
BENGALURU : From 1 October, India moves into a new regime for defence systems production and acquisition. Under the larger ambit of the government’s Atmanirbhar Bharat tilt, the new policy seeks to ensure self-reliance in defence manufacturing. Along with recommendations to streamline defence procurement, the policy sets several ambitious production targets, including an annual turnover of ₹1.75 trillion and exports of ₹35,000 crore in aerospace and defence goods and services by 2025.