{"title":"ROLE OF PRIVATE SECTOR IN DEFENCE INDUSTRIES OF INDIA","authors":"Dr.K. Narendra Kumar","doi":"10.36893/drsr.2022.v12i11n02.095-099","DOIUrl":null,"url":null,"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.","PeriodicalId":306740,"journal":{"name":"Dogo Rangsang Research Journal","volume":"26 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Dogo Rangsang Research Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.36893/drsr.2022.v12i11n02.095-099","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
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.