Paris Air Show 'Make in India' Push Means More Open Offsets
Neelam Mathews June 15 2015 As part of the "Make in India" initiative, Tata Advanced Systems links up with Airbus to produce C-295 transports in country. Airbus said every one of its programs includes parts from India Defense manufacturing in India is undergoing a transition from a traditional buyer-supplier relationship to a more open and transparent one. Easing of licensing policy, an increase in foreign direct investment from 26 to 49 percent and a forecast that envisions a 10-fold increase in exports (presently at a miniscule 0.3 percent) are drivers propelling a defense sector currently riding high on the “Make in India” program. The initiative was launched and promoted widely by new Prime Minister Narendra Modi. An attempt to boost GDP, Make in India sees aerospace and defense (among other industries) as its focus to enhance skill development and build an efficient manufacturing infrastructure. Transparent policies and speedy implementation are also...