According to the media reports, India secures most of its advance defence needs from abroad and is expected to spend over $120 billion in arms acquisition over the next decade. The Budget for defence between 2014 and 2022 is an estimated $620 billion, 50% of which is likely to be on capital expenditure. In order, therefore, to increase foreign participation, the government, which had restricted it to 26%, has suitably increased it to 49%, as this may encourage more inflow and interest in this area. There is adequate supply of raw materials and increasing number of skilled personnel, every year, which would "Make in India" a practical proposition. Besides, there are hardly any restrictions that would prevent the import of certain essential components that need to be brought from outside for incorporation in the final finished product, particularly for export!
Among the Indian business community, Anil Ambani is reported to have said that his Reliance Group has plans to build a defence smart city, covering an area of 5,000 acres, to be able to house a fully integrated defence and aerospace infrastructure facility. This is expected to secure a piece of cake in the estimated $100 billion worth of defence related business that this sector would offer, in due course. According to the press, Reliance Defence and Aerospace (RDA) is likely to bid for 387 Army Reconnaissance & Surveillance Helicopters and 100 Naval Utility. Helicopters, estimated to be valued at about Rs25,000 crore!
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