Make in India: Defence Manufacturing | Original Article

ABSTRACT:

India has the third largest military in the world and is the sixth biggest defence spender. India is also one of the largest importers of conventional defence equipment and spends around 30% of its total defense budget on capital acquisitions. 60% of defence related requirements are currently met through imports. The ‘Make in India’ initiative by the Government is focusing its efforts on increasing indigenous defence manufacturing and becoming self-reliant. The opening up of the defence sector for private sector participation is helping foreign original equipment manufacturers (OEMs) enter into strategic partnerships with Indian companies and leverage opportunities in the domestic market as well as global markets. In this study we found that defense manufacturing played a very important role in the field of defense sector and also helps to build India a strong nation. This paper is based on secondary data it was taken from various sources.