Prime Minister Narendra Modi has pledged $250 billion to modernize the country’s aging military equipment-from fighter jets to guns and submarines. The government wants to award contracts to companies, such as Lockheed Martin Corp and Saab AB, which have promised to build products in India. But Wezeman said red tape, an historic reliance on state-owned companies and constant delays hinder the country’s ability to supplant imports with domestically-produced weapons. The Modi government has opened up the defence sector to 100 per cent FDI. The goal is to make India a defence manufacturing hub and end its dependence on imports. All that spells a huge opportunity for the private sector. It is a proud moment for us to share with you the report on ”Make In India-An overview of Defence Manufacturing in India” at the momentous occasion of 11th Indo- US Economic Summit: Taking the Bilateral Trade to USD 500 Billion. Indian government is supporting the creation of a vibrant domestic defence manufacturing base in the country. Policy environment in India has never offered so many tangible opportunities to pursue co-development and co-production projects. We welcome you to come and Make in India! Indian government has also prohibited imports of certain minerals including as coal, iron, iron ore, gold, titanium, rare earth metals, copper, nickle, silver and zinc. The official letter from the concerned department said, “This notification seeks to update the Foreign Trade Policy 2015-20 to account for current UN Security Council Resolutions concerning DPRK… of November 20, 2016. This book makes an interesting reading for historians, defence and policy analysts, researchers and general readers alike.
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