The government should encourage private players in defence R&D and also fund 80 per cent of the research and development activities to emerge as a significant player in the global defence market, a study said. Since defence research, design and development is fraught with risks, the private sector is unlikely to come forward, the joint study of Assocham and Ernst and Young said.
If India wishes to emerge as a significant player in the global market, it would have to fund export driven products and make export variants of high end systems, it said. "Therefore, there is a need for a policy as per which 80 per cent of Indias R&D is funded from government resources, effectively encouraging the private sector to undertake risks associated with developing defence products," it said.
Read full Article on http://in.news.yahoo.com/20/20091001/372/tbs-govt-should-encourage-pvt-players-in.html
Brigadier(Retired) Sukhwindar Singh
www.svipja.com
(A Global Solution on Offsets)
Credit: www.in.news.yahoo.com
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