Now 100% foreign direct investment (FDI) are allowed in Defence and
Aviation Sector in India? Is it safe to allow the same?
Past many years there has been a lot of debate on 100 % FDI and the government has seen lot of opposition but now the Centralgovernment, without any noise announced 100 % FDI in Defence and Aviation on Monday.
Till date there has been about 49 % FDI in Defence and Aviation sector. So according to the latest statement almost 51 % is increased making to 100 %FDI. This is first time in the Indian history that India has given 100 %FDI in Defence and Aviation sector.
The government has made amendments to the Arms Act in 1959 to raise the FDI in Defence sector making it 100 % and 74% in pharmaceutical sector.
As per government experts, “With India’s decision of 100 % FDI, we would have access to world-class quality of arms and ammunition, latest technologies of foreign companies etc. India’s Defence sector requires massive investments in research and development of advanced foreign expertise and with 100 % FDI it will be easy. One of the biggest companies to produces arms and Ammunition, Boeing could also establish their offices in India.” When UPA was in power, they wanted to implement the same but then the NDA government opposed 100 percent FDI in Defence sector. But now after ruling for two years, Modi led NDA Government has changed their colors and granted permission to make 100% FDI in Defence and Aviation.
Another expert on the ground of anonymity explained that, “If a foreign company invests in India, will they be producing according to India’s requirement or theirs? The question is how honest will they be? India had good connection with Russia and the bond of friendship was raised as we took MiG-21 from them but sadly it was a disaster especially on war field. Not only Russia, but even other countries are thinking of their own benefit. Since other nations are manufacturing weapons in India, the quality of weapons and others will be in their hands. Which somewhere down the line means our nation's security is at stake.”
In 1992, Dr Abdul Kalam Committee states that review about the quality and quantity of weapons every year is crucial. Every country’s Defence minister and Government should review the same. But it does not happen in India.
In 2004 ,Kelkar Committee mentioned that if Defence projects of land, water and air are giving to Indian Private sector, then then the quality of weapons will not be compromised and the secret of technology, the procedure will not be revealed. Not just that if the Arms and Ammunition are made in India then the employment rate will also grow up. The committee also mentions that Central Government’s DRDO should be given freedom and liberty in research for Arms and Ammunition.
In 2007, a committee was specially constituted under the leadership of P.Ramarao which said that the function of Defence sector during the current UPA government and previous BJP government is not up to mark.
Currently the companies are on a welcoming spree but later this will act as a sin not only the economy but also will be threat to security of the nation.
Past many years there has been a lot of debate on 100 % FDI and the government has seen lot of opposition but now the Centralgovernment, without any noise announced 100 % FDI in Defence and Aviation on Monday.
Till date there has been about 49 % FDI in Defence and Aviation sector. So according to the latest statement almost 51 % is increased making to 100 %FDI. This is first time in the Indian history that India has given 100 %FDI in Defence and Aviation sector.
The government has made amendments to the Arms Act in 1959 to raise the FDI in Defence sector making it 100 % and 74% in pharmaceutical sector.
As per government experts, “With India’s decision of 100 % FDI, we would have access to world-class quality of arms and ammunition, latest technologies of foreign companies etc. India’s Defence sector requires massive investments in research and development of advanced foreign expertise and with 100 % FDI it will be easy. One of the biggest companies to produces arms and Ammunition, Boeing could also establish their offices in India.” When UPA was in power, they wanted to implement the same but then the NDA government opposed 100 percent FDI in Defence sector. But now after ruling for two years, Modi led NDA Government has changed their colors and granted permission to make 100% FDI in Defence and Aviation.
Another expert on the ground of anonymity explained that, “If a foreign company invests in India, will they be producing according to India’s requirement or theirs? The question is how honest will they be? India had good connection with Russia and the bond of friendship was raised as we took MiG-21 from them but sadly it was a disaster especially on war field. Not only Russia, but even other countries are thinking of their own benefit. Since other nations are manufacturing weapons in India, the quality of weapons and others will be in their hands. Which somewhere down the line means our nation's security is at stake.”
In 1992, Dr Abdul Kalam Committee states that review about the quality and quantity of weapons every year is crucial. Every country’s Defence minister and Government should review the same. But it does not happen in India.
In 2004 ,Kelkar Committee mentioned that if Defence projects of land, water and air are giving to Indian Private sector, then then the quality of weapons will not be compromised and the secret of technology, the procedure will not be revealed. Not just that if the Arms and Ammunition are made in India then the employment rate will also grow up. The committee also mentions that Central Government’s DRDO should be given freedom and liberty in research for Arms and Ammunition.
In 2007, a committee was specially constituted under the leadership of P.Ramarao which said that the function of Defence sector during the current UPA government and previous BJP government is not up to mark.
Currently the companies are on a welcoming spree but later this will act as a sin not only the economy but also will be threat to security of the nation.
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