Defence Ministry comes to life
Slowing economic growth, a depreciating rupee, and a string of arms purchase scandals that tarnished the ministry of defence (MoD) and scuttled ongoing purchases of weaponry together made a powerful case for building rather than buying defence equipment for India's military. In the dozen years since defence production was opened to foreign direct investment (with a 26 per cent cap) and to private Indian companies, the MoD has published a series of limp policies that merely paid lip service to indigenisation.
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