49% FDI in
defence and aerospace is through. This also includes offsets. Would it get
wasted out by padding inefficient large units, or would be allowed to reach
innovative units bubbling to make the difference? Will MOD officials look at
size of the companies as they are used to, or let MSMEs built by highly
qualified and energetic entrepreneurs take the shot? Whatever these units
innovate and produce as 'pilots', can then be further strengthened by the large
units and scale up its production to meet the need.
Refrain from
putting buckets of water in oceans. Will not make much difference! FDI and FDI in
Offsets (Cash and Kind) are to be viewed alike in Indian context.