India has been spending approximately Rs 10,000 crore to Rs 11,000 crore every year to import arms. But, with debates on India’s defence preparedness hotting up and a greater stress on domestic manufacturing, IndiaSpend’s Sourjya Bhowmick looked at the competitive scenario for Indian defence companies to see how the manufacturing equations could evolve in the coming years.
The first stop was Hindustan Aeronautics Limited (HAL), among India’s seven defence public sector unit (PSU) enterprises. Defence was formally opened up to India’s private sector in May 2011 with foreign direct investment allowed up to 26 per cent. Read more
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