The Prime Minister Modi led government is revolutionizing
India since its inception. A lot many reforms are being planned for the defense industry. As per a report, in
the next 5-7 years, the India Navy, Air Force, and Army is expected to replace
or buy military equipment worth $200 billion or more. A greater than 150
million youngsters will be of working age in these many years.
More of Domestic Investment than Foreign
Aids
It is a good time now to create job opportunities in
ammunition and security devices related manufacturing sector. This shall assist
making the ‘Make in India’ program a success. Though foreign investors could
help accelerate the economy in terms of FDI, the needs of the soldiers and the
end users must be kept in consideration before initiating any concrete reforms.
· Be it the design or investment, Indian
businessmen and people should be invited than foreign investors. This will help
national capital and employment possibilities to increase till next decade,
according to defense market research.
Focus must be on developing ammunition and armaments from the country land
itself than depending on imports.
· Loopholes in laws should be eliminated to form strong
policy measures in domestic manufacturing. Efforts must be directed to prevent
scams. As depicted in defense industry reports,
the lowest bidder who meets all the requirements will be given military
equipment contract. But, other bidders could be considered under special
conditions.
Need of Quality Equipments and Strategic
Planning
All the products must meet the conditions set by Services
Qualitative Requirement, and bidding is to be accepted under guidelines of
Request for Proposal. The Cabinet Committee of Security must overlook all the
manufacturing bidding for the defense
industry equipments. The Quality Based Selection body has to ensure that
only highly efficient weapons are accepted.
· Another alternative could be involvement of
members from parliamentary standing committee belonging to major political
parties, Indian Space Research Organization, and India’s Special Forces. They
will aid in checking and remodeling the ammunitions or products on timely
basis.
· The field employees like retired or existing
military, navy, air force technical staff could be assigned a major role in
assuring efficacy of defense procurement laws.
The defense market research
experts think the laws must beat around weightages of each sector of the
industry for organized planning.
· Though India has strategic partnerships with 20
or more countries regarding the defense sector, it needs to also have a backup
plan in case of emergencies. The terrorist attacks in South Asia have increased
past many years, as found in many defense industry reports. A growing need of security must be kept in mind before
taking steps in reworking on existing strategies.
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