In an article in the Financial Express , Prof. Raghunath S & Prof Shainesh G highlighted the several initiatives launched to achieve self-reliance in manufacturing and innovation for the aerospace and defence sectors.
‘The market opportunities and offset clauses in the government’s defence procurement policies have attracted several global players to set up operations and form joint ventures in India.’
‘The private sector generated over 20 percent of the Rs 80,000 crore turnover for the aerospace and defence sector in India. Leading business groups like L&T, Tatas, Mahindras, Hindujas and Bharat Forge have made significant investments during the last decade while public enterprises and organizations including HAL, BEL, BEML and NAL continue to scale up their operations with new programs to meet the government’s ambitious aspirations under ‘Atmanirbhar Bharat Abhiyan’ and ‘Make in India’ schemes.’
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