Analysis

Redefining IPR for Energetic Participation of Private Sector

India, though one of the largest economies, has a dubious distinction of being one of the largest importers of the weapon systems of the world. India, also, has been trying to boost its own arms industry through Offset obligations imposed on its foreign suppliers. There have been several panels, task forces and think tank sessions that fine-tuned Defence Procurement Procedures (DPP) to leverage our advantageous position as a buyer to seed technologies within the country. These initiatives have generally failed to achieve the desired objective of self-reliance.