PRODUCTION OF HIGH-TECH DEFENCE WEAPONS IN INDIA IS EXCELLENT
WILL US AGREE TO COLLABORATE SANS STRINGS?
2016-02-08 10:41
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If the country’s military forces are 70 per cent import dependent on critical armament supplies, it must follow a realistic approach to get hi-tech foreign defence hardware suppliers to make in India. The dream of India, the world’s largest defence importer, to emerge as a major arms producer may take much longer to turn true under its current defence FDI policy no matter what assurances it may receive from global defence technology giants and suppliers. Normally, foreign high-end weapons manufacturers would like at least a controlling stake in co-production ventures in India. Until now, India, has done little to establish itself as a major manufacturer-exporter of military arsenal. In the $400-billion-plus global legal defence export trade in 2014-15, India’s share was just around $100 million, supplying mostly low technology items and parts to some 22 countries. In contrast, China’s weapons export in 2014-15 was worth $20 billion. Along with established players Germany and France, China became the world’s third largest war equipment exporter – all having an equal market share of five per cent each. For inexplicable reasons, India had mostly preferred import to local production of sophisticated weapons. The Indian military has remained high on its combatants’ strength and low on lethal power.