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Why ‘Design in India’ must be the next step in defence manufacturing
Over the last decade, "Make in India" has been at the heart of the Centre's economic policy and increasing defence manufacturing is a important part of that goal given India is one of the largest importers of defence equipment in the world.
The sector, plagued by bureaucratic delays, budgetary constraints, and corruption, was opened to the private sector. The government streamlined procedures, earmarked weapons and platforms that will be manufactured domestically and allowed more FDI in the sector. Now, domestic manufacturing is booming. Defence expenditure increased from ₹2.53 lakh crore in…
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