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100% FDI in defence is a boon in disguise for the nation
Narendra Modi has done it again. He has given nod for 100 per cent FDI in defence sector. This is actually history created as from now on Defence would only buy indigenously manufactured weaponry like aircraft carriers, Jet fighters, tanks, guns etc. "You make it in India and we buy it" would be the new horse or 'Mantra' on which our defence procurement would ride. This would give great impetus to our defense infrastructure development as a global force to be reckoned with rather than the opposite, which it is today.

FDI in defence would be a boon to our defence infrastructure and will only make our nation stand out stronger in front of our enemies. This is the first real time decision, by the Narendra Modi-led government which would bring in transparency, accountability, getting us the latest technology, brand new products, creating jobs, improvement in basic infrastructure and making us self reliant in all our present and future defence needs.

If one starts pondering over it then one will find that this policy has many points, which stand out strong and positive over the negative ones which some are trying to raise. This would also bring in much needed local innovation, initiatives, interest and incentive to the local industry to rise up to the competition, which would end up making them stronger vis-a-vis the foreigners with time to come, again this would prove to be a boon to our defence sector in the long run. Gone would be the days of third hand refurbished and ageing low technology risky products, which we are so used to as of now.

Someone had raised the question about gravely risking and compromising of our defense and national security in allowing 100 per cent FDI in Defense but it is the other way round as we are actually more compromised with imports rather than our own manufacturing. One should remember local manufacturing is more accountable than imports in every way one imagines it. Today we are thinking of importing basic carbines for our soldiers and even uniforms rather than manufacturing them locally so the question is what would be compromised - JUST NOTHING.

The million dollar question is would vested interests allow this policy to see the light of the day. Imagine millions of jobs this opening up would bring with it with new dockyards, airports, educative academies, factories, foundries, electronics, software companies etc. seeing the light of the day. Imagine the private sector investing heavily in research and development for our future defense needs which is next to zero today.

This would also improve our civil industrial infrastructure as well, as new and advanced technology absorption would surely give birth to discovery of newer indigenous technologies hence benefiting everyone. New specialized engineering colleges would open up totally focused on our defense sector requirements hence more jobs for our young and inspiring generation.

The best part is that our ageing and loss making public sector units can be converted into huge profit making projects with the opening up of the FDI in defence and government insuring their involvement in it.

Corruption would be curtailed, accountability, transparency would rise, as manufacturing would be local and controlled by Indian laws rather than foreign where we are always handicapped.

I hope that this FDI policy sees the light of the day.


Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
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