At the heart of the development is India’s insistence on local manufacturing, which mandates that at least 30 percent of parts in imported defence products are made in India.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
To illustrate the complete idiocy of the acquisition policy, the CAG report on Rafale is instructive. It took the IAF 9 years to acquire a Doppler Radar while it took the Meteorological Department just 9 months. Same Radar, same specs, for the same requirement i.e. weather forecasting!
Under the circumstances It is best that willing companies establish their manufacturing units in India where Indian government must have at least 40 per cent shares.
Why bother then, doesn’t sound like India is serious. No foreign military aviation company is going to setup shop in a corrupt nation with sovereign risk.
To illustrate the complete idiocy of the acquisition policy, the CAG report on Rafale is instructive. It took the IAF 9 years to acquire a Doppler Radar while it took the Meteorological Department just 9 months. Same Radar, same specs, for the same requirement i.e. weather forecasting!
Under the circumstances It is best that willing companies establish their manufacturing units in India where Indian government must have at least 40 per cent shares.
Why bother then, doesn’t sound like India is serious. No foreign military aviation company is going to setup shop in a corrupt nation with sovereign risk.