Private industry in defence
Well before the government came out with enhanced FDI policy of 49 percent limit for multinational companies in defence sector, some of the leading Indian private defence players had formed alliances with the foreign partners to take part in India’s US$ 4 billion artillery modernization program. The foreign partners would have preferred to directly sell their guns to India, but considering the new offset laws under which there is compulsion to source 30 to 50… Read More »Private industry in defence