Narendra Modi’s BJP (Bharatiya Janata Party) swept the Indian national polls to single majority, ending the 25 year old coalition ruling. Later the government had to face many hurdles like controlling the deficit, corruption, rupee fall-down, unemployment, etc.
India imports 70% of the arms and manufacturers 30% through Defence Public Sector Undertakings (DPSUs), using imported components. The Indian defence sector was rattled by numerous scandals and there was necessity to upgrade it’s ageing arsenal to counter China in the region. With China intruding into the Indian territory numerous time around the year.
Modi also had a rough task of providing confidence to foreign investors as the country’s credit rating was kept at negative outlook. Major reforms were made by Modi government like his Independence day Initiative of “Make in India” campaign, increase in FDI (Foreign Direct Investment) cap in Defence and Railways sectors.
FDI in defence was increased from 26% to 49%. While government owned Indian Railways was opened for foreign investment, with 100% FDI for high speed rail networks. This has led to many companies ready to sell their technology to India and letting the Indian counterpart to manufacture in India.
Tata defence engineering department has signed a deal with Honeywell International to procure the license and manufacture “TALIN” (Tactical Advanced Land Inertial Navigator) in India.
The TALIN renders precision of navigation in defence sectors for artilleries and vehicles, where GPS navigation is critical in terrain areas.
Source- The Economic Times
