India: a new dawn
With ‘Make in India’ the new mantra, NEELAM MATHEWS reports on the advent of the private sector in India’s aerospace industry (Aerospace UK) A decade of policy paralysis is giving a new ray of hope to the sluggish Indian aerospace industry — until recently dominated by slothful staid public sector companies plagued with delays with neither the will, nor the inclination to innovate or move forward. Driven by the promised speedy and transparent policy for aerospace manufacturing by the, now over one year old, Narendra Modi Government, that has made ‘Make in India’ its mantra, the entry of private sector into forbidden territory is changing the very dynamics of the business. While there remains a slip between the cup and the lip, $30bn worth of contracts cleared by the Defence Acquisition Council (DAC) in the past year are awaiting release of Request for Proposal (RFP) that, in theory at least, needs to be closed within a year. The new defence procurement policy once announced, it is ...