With India pitching for self- reliance in defence sector, Chinese strategic analysts have cautioned the government about India's new arms potential especially its growing military cooperation with Vietnam and the Philippines in China's backyard.
India has invited Israel to become a partner in the 'Make in India' initiative in the defence sector even as the Jewish state expressed its desire to share cutting-edge weapons technologies with New Delhi.
With 'Make in India' campaign reverberating in Israel, India has asked the Jewish country to take advantage of the investment friendly policies of the new government and invest in strategic sectors like defence.
Noting that India is dependent on imports in several sectors including defence and health, Prime Minister Narendra Modi on Thursday asked the IITs to take up the challenge of developing products in these critical fields.
With Prime Minister Narendra Modi stressing on developing indigenous defence sector, Navy Chief Admiral Robin Dhowan on Thursday said the maritime force`s future growth would be based on "indigenisation and self reliance".
Pitching for raising FDI limit to 49% in the defence sector, a study on India`s military exports has said global players are reluctant to fund the industry in the capital-intensive sector due to lack of incentives.