'Make in India' Push Means More Open Offsets | Aviation International News

'Make in India' Push Means More Open Offsets

India has a great chance to grow its aerospace footprint in the world, and moves are afoot to make it more transparent and efficient.

As part of the "Make in India" initiative, Tata Advanced Systems links up with Airbus to produce C-295 transports in country. Airbus said every one of its programs includes parts from India.

By Neelam Mathews

June 13, 2015

Defense manufacturing in India is undergoing a transition from a traditional buyer-supplier relationship to a more open and transparent one. Easing of licensing policy, an increase in foreign direct investment from 26 to 49 percent and a forecast that envisions a 10-fold increase in exports (presently at a miniscule 0.3 percent) are drivers propelling a defense sector currently riding high on the “Make in India” program. The initiative was launched and promoted widely by new Prime Minister Narendra Modi.

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