Nirmala Sitharaman was defence minister from September 3, 2017, to May 30, 2019. The prevailing belief in South Block, she gathered, was that defence scams had roots in India’s dependence on imports. A.K. Antony, who had a rocky tenure as defence minister, had once suggested indigenisation of military hardware as the “ultimate answer” to prevent scams. Now, as the finance minister who is on a mission to make India atmanirbhar, Sitharaman is drafting a “negative list”—of weapons and military platforms that cannot be imported—to secure the goal of self-reliance.
The list may include artillery guns, armoured tanks, radar and certain types of ammunition. These will have to be made indigenously. Sitharaman has also raised eyebrows with her plan to open up strategic sectors like space and atomic energy. “While certain high-end technology systems can still be procured from abroad, emphasis will be on procuring locally made products,” said Sitharaman. She has announced the enhancing of the FDI ceiling in defence manufacturing from 49 per cent to 74 per cent under the automatic route, with an aim to attract behemoths like Boeing, Lockheed Martin, Airbus and Saab.
この記事は THE WEEK の May 31, 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は THE WEEK の May 31, 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Trump And The Crisis Of Liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.