Since 2014, ‘Make in India’ is the buzz word in defence. The Narendra Modi led NDA government, in its tenure, has made some very significant policy changes in the defence sector to give more avenues to private players, provide level playing field between the public and private sector. Some of these changes have created some new challenges for the government of one of them is a reduction in the capital budget due to the introduction of Goods and Services Tax (GST).
self-reliance in defence
Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs.11,700 Crores (Provisional & Unaudited) during the Financial Year 2018-19, sustaining double digit growth (an increase of 16%) over the previous year's turnover of Rs.10,085 Crores.
Defence Research and Defence Organisation (DRDO) today successfully test fired the Guided PINAKA from Pokhran ranges. The weapon system is equipped with state-of-the-art guidance kit comprising of an advanced navigation and control system. In both the missions, the weapon systems impacted the intended targets with high precision and achieved desired accuracies. Telemetry Systems tracked and monitored the vehicle all through the flight path.
India is not a manufacturing hub for aerospace and defence, two vital economic segments. Both till recently have been in the realm of public sector and we all know the limitations of PSUs, hence manufacturing has never reached commanding heights. Will it? It remains to be seen.
1- What is your focus area for Aero India?
Matthew Symonds argues that “War is still a contest of wills, but technology and geopolitical competition are changing its character”. In the 19th century, it was considered that the army that can mobilize fast and fire artillery guns would win decisive wars. Mobility changed the way wars were fought because military commanders could manoeuvre their forces to an advantageous position to surprise the enemy. In the 20th century, the focus was on attrition through superior firepower to achieve a decisive victory.