Volume : VII, Issue : II, February - 2017

AN ANALYSIS OF ACQUISITION OF TECHNOLOGY IN INDIAN DEFENCE INDUSTRY IN THE CONTEXT OF REFORMS IN FDI

Bharat Singh Rawat

Abstract :

 The nation is committed to transform its security forces to a military might which is tailor made to aptly respond to a wide range of asymmetric threats with adequate speed, efficiency and firepower. Though Indian defence industry has efficiently proved its credibility to deliver niche technology against odds, unavoidable Government restrictions in terms of over–reliance on government controlled organizations has left capability gaps and inadvertent delays in technology acquisition and subsequent military transformation. While indigenous and state–of–the–art production competencies have been developed, huge scope exists particularly within the defence industries owing to ever evolving industrial dynamics. The increasing costs and complexity of entrepreneurship and the decreasing budgets has resulted in an intensive approach towards choosing the best technology acquisition process. Balancing the requirements specific to defence industry and identification of vulnerable and critical technologies affecting growth is crucial in view of current global trends. Hence, it is imperative that the tradeoffs made by the stakeholders in acquisition of technology, is realistic and optimized to suit the requirements of the defence industry. Consequently procedural reforms duly assisted by liberal Foreign Direct Investment (FDI), licensing policies and banking provisions are key to energize the defence industry.

 

 

 

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Bharat Singh Rawat, AN ANALYSIS OF ACQUISITION OF TECHNOLOGY IN INDIAN DEFENCE INDUSTRY IN THE CONTEXT OF REFORMS IN FDI, INDIAN JOURNAL OF APPLIED RESEARCH : Volume‾7 | Issue‾2 | February‾2017

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