4. Fostering strategic partnerships:
The recent government policy where foreign investors need to have a strategic Indian partner is a step in the right direction. More bold steps in this direction must be thought of to create a better ecosystem to boost domestic participation. The key is to ensure that all necessary steps are taken to capitalise latent resources and technologies, develop requisite skillsets in individuals and not shy away from foreign collaboration wherever required.
I do hope these insights make an impact in the corridors of power and provide an understanding to business entrepreneurs as they enter the defence sector. But before I end, I would like to put a question to all of you — is it prudent for India to build talent now or wait till the industry achieves economies of scale? I ask because our neighbour China has followed the path of first creating the infrastructure for manufacturing, and then focused on creating the skillsets for working on it. Should India follow the same model, or focus on both aspects together, or focus on creating the talent pool first? This is food for thought, and I would love to hear from you on this.
I have been receiving some very good responses in this journey of writing on green technology, which have been inspiring me to research and write more on the subject. The research has also helped me build quality interactions with various industry leaders. If you have any questions or suggestions in this regard, feel free to write to me at [email protected]; I shall be happy to respond. Till the next time…