Topic-Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
6) Discuss how the recently envisaged Strategic Partnership policy aims to revitalise defence industrial ecosystem and progressively build indigenous capabilities in the private sector.(250 words)
Why this question
India is the world’s largest importer of defence products and it is very important for us to develop indigenous manufacturing capacities in the sector, in order to give a boost to make in India, seek strategic independence and create employment opportunities. Recent the DAC has approved the SP policy in defence manufacturing in this direction, which needs to be discussed upon.
Key demand of the question.
The question wants us to write in detail about the newly introduced SP policy in defense production and discuss how it aims to revitalise defence industrial ecosystem and progressively build indigenous capabilities in the private sector. What is the strategy envisaged.
Discuss- This s an all-encompassing directive which mandates us to write in detail about the key demand of the question. We also have to discuss about the related and important aspects of the question in order to bring out a complete picture of the issue in hand.
Structure of the answer
Introduction – write a few lines about India’s defense imports, present some related statistics and mention about the recent SP policy released by DAC.
- Discuss the aim of the policy. E.g the SP model aims to create a vibrant defence manufacturing ecosystem in the country through joint ventures between Indian corporates and global defence majors; the government is looking at achieving a turnover of Rs 1,70,000 crore in military goods and services by 2025 and the SP model is envisaged to capitalise this opportunity and contribute to make in India programme.
- Discuss how the policy wants to achieve those aims.E.g all procurements under the SP Model would be executed by specially constituted Empowered Project Committees (EPC) to provide focussed attention and ensure timely execution; specified norms for carrying out various sector specific manufacturing projects; lay emphasis on incentivisation of transfer of niche technology and ensure higher indigenous content in military platforms to be produced in India etc.
Conclusion– Briefly discuss what more needs to be done in this regard and present a fair and a balanced conclusion on the given issue.