Defence and Security

Manohar Parrikar's $2 billion export target is ambitious, but challenges are abound,

Jan 14, 2017
The former Goa chief minister had also taken a dig at defence players who were objecting to proposed strategic partnerships, saying it seems they have realised that they will not be able to “go through the window.” The Ministry of Defence's Strategic Partners Model aims to allow a select few Indian private defence firms to develop key defence technology within the country as part of the larger 'Make in India'policy of the government. The policy was part of the government's major impetus to moderninse, as well as, indigenise India's defence system.
 
However, The Indian Express in January 2016 reported that the private sector was unhappy over the initial recommendations of the policy. The issues, that private players had, were pertaining to the restriction of companies to just a particular stream of the strategic sector, which they believed might affect their investments in other sectors. Many also objected to the provison of not allowing cross-holding in another strategic partner company. Smaller companies had felt that the policy will help bigger companies reap benefits, leaving them in the lurch.
 
The defence minister later commented, “After the windows have been well-defined, (some) people, who have realised they would be not be able to go through the window, have started canvassing that the ministry is facing problems over strategic partnerships.”
 
Parrikar had added that he received many letters from VIPs expressing concern about strategic partnerships. He said, many a time the letters had similar content, which showed that at times the VIPs were signing off letters written by some other party.
 
Read more at:http://www.firstpost.com/india/manohar-parrikars-2-billion-export-target-is-ambitious-but-challenges-are-abound-3202792.html
 

First Post, January 13, 2017

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