As per an article in Times of India, the Narendra Modi government is planning to allow up to 100% foreign investment in defence production, in a bid to send a strong signal to global investors as well as to try and move the production base of some equipment into the country.
This must be allowed. India needs to improve its defence infrastructure and bring efficiency in current defence production. The return on per dollar spent would increase. In the long run, the defence expenditure can be reduced without compromising on quantity and quality.
Also Read: Indian Defense Sector: 10,000 Feet View.html
Also Read: Indian Defense Sector: 10,000 Feet View.html
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