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
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
I hope that this FDI policy sees the light of the
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