On 21 April 1975, Godhra MP and founding member of Swatantra Party spoke in the Lok Sabha during a debate on defence expenditure and purchase of arms. 'We have been, especially since the last war with Pakistan, shopping round the world.'
Govt procedures that masquerade as safety nets for minimising financial loss can only stifle innovation. Modi govt's well-intentioned iDEX scheme seems headed that way.
Modi govt's capital budget allocation for 2021-22 is lower than the amount armed forces had sought in 2014-15. But spending more is not the answer, spending right is.
The Parliamentary Standing Committee on Defence can bring much needed clarity on India's national security that Nirmala Sitharaman’s Budget didn’t answer.
PM Modi targets $5 billion in defence exports in next 5 years. If 'Make in India’ reaches its full potential, $10-15 billion is achievable in a decade.
Politicians must be made to understand that defence expenditure is like an insurance premium on national security, so defence budget needs to be boosted.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
COMMENTS