News: On Independence Day, Prime Minister handed the indigenously designed & developed Light Combat Helicopter (LCH), over to the Indian Air Force (IAF). It has been manufactured by Hindustan Aeronautics Ltd (HAL). The issue here is, it’s confusing how the PM chose the LCH as an indigenous product, even while the cabinet has not given… Continue reading On indigenisation of defence products: Adding economy to defence
Tag: Make in India
Big Lesson From Small Nation: On import substitution
Synopsis: Import substitution cannot deliver “Make in India for the World”. Lessons from Vietnam. Contents1 Introduction2 How has Vietnam achieved this success?3 What are the consequences of high tariff on imported components?4 What are the benefits of lower tariffs? Introduction In 2015, India decided to promote mobile phone industry through import substitution. The eventual goal… Continue reading Big Lesson From Small Nation: On import substitution
Rs 25,000 crore tenders cancelled or modified to promote Make in India products
Department for Promotion of Industry and Internal Trade(DPIIT) has cancelled or modified government tenders worth over Rs 25,000 crore. This decision was taken to change the conditions of the tenders in order to promote ‘Make in India’ goods. Further,the tenders were cancelled as they had certain restrictive conditions which were discriminatory against domestic manufacturers and… Continue reading Rs 25,000 crore tenders cancelled or modified to promote Make in India products
