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India’s Plan To Boost Local Defence Production Has Left Industry Confused
India’s draft defence production policy has left domestic manufacturers confused.
17 Aug 2020, 03:08 PM IST
India has released two draft plans over the past few months on acquisition and production of defence equipment to boost domestic manufacturing. Yet, the local industry is confused.The draft acquisition policy released in May and the draft policy on local production released over the previous weekend are aimed at making India a defence manufacturing and export hub. But the government also raised foreign direct investment cap to 74% ea...
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