First of all, India has all the necessary prerequisites for a robust military-industrial complex: a diverse private sector, a large base of engineering institutes, and a growing defence budget.
However, India also faces a combination of security threats from both state and non-state actors is an obvious reason by it needs to be self-reliant in military equipment. It will also significantly reduce the potential for corruption in military procurement.
The move will give fillip to make in India and job creation. It will also bring down dependence on imports.
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