ROLE OF PRIVATE SECTOR IN DEFENCE INDUSTRIES OF INDIA

Dr.K. Narendra Kumar
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Abstract

India has started to develop new indigenous technology to produce the equipments and only advance technology equipments have been imported as per requirements during 1950s. In 1956, a new industrial policy resolution notified that arms and ammunition industries will be limited to public sectors only. After 1990, due to globalization, India opened it door for international trade and business and a new age of liberalization and privatization has been started. Many International companies have started to investment in Indian defence industries after globalization. Entering into manufacturing the defence equipment was very tough before globalization as obtaining an Industrial License was not easy to private sector companies. ). Indian government thought that more investment can be attracted if government liberalize and simplify the FDI polices in defense sector, so government increased the FDI limit in automatic route from 26% to 49 %. Opening the doors of defence sector to private sector was historic event which change the private sector as well as defence sector. Many numbers of agreements has been successfully attained by private sector. Type ‘make’ equipments became possible as it was rare during age public sector industries. Many big projects have been completed during last few years in time at low cost. Indigenous manufacturing is also promoted and Make in India concept is also achieved.
私营部门在印度国防工业中的作用
印度已经开始开发新的本土技术来生产这些设备,在20世纪50年代,只有先进的技术设备才按照要求进口。1956年,一项新的工业政策决议通知,武器和弹药工业将仅限于公共部门。1990年后,由于全球化,印度打开了国际贸易和商业的大门,开始了一个自由化和私有化的新时代。全球化之后,许多国际公司开始投资印度国防工业。在全球化之前,进入国防装备制造业是非常困难的,因为私营部门公司获得工业许可证并不容易。)。印度政府认为,如果政府放宽和简化国防领域的外国直接投资政策,可以吸引更多的投资,因此政府将自动路线的外国直接投资限额从26%提高到49%。向私营部门开放国防部门的大门是改变私营部门和国防部门的历史性事件。私营部门已成功地达成了许多协议。类型的“制造”设备成为可能,因为它在旧的公共部门工业中很少见。在过去几年中,许多大型项目以低成本及时完成。本土制造也得到了促进,印度制造的概念也得到了实现。
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