You have to see this in different contexts. Also, India is one of the largest auto parts manufacturers, and if Striker are built in India with all the spare parts TOT, the cost of striker manufactured in India will have a higher margin compared to the cost of striker manufactured in the USA, and IP rights are also protected, so in the future, if strikers get orders from anywhere in the world, they may get manufactured here in India, which will provide jobs to Indians, and also spare parts can be procured from Indian vendors. Let's wait and watch.
Imported air force.
Dalals have completely taken over if they are not stopped then they will destroy our indigenous sector.
Dalals have completely taken over if they are not stopped then they will destroy our indigenous sector.
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Again it's the APIs argument. You may start importing Chinese APIs for your medicines for short term benefits, but in the long term when China starts tightening the screws, you will eventually have to spend a big on a scheme like PLI to restart API production in India.
Supporting local r&d is paramount.
API cost of china is cheaper than the India which killed the Indian API manufacturers. Here you will be competing against US manufacturers. So you will have upper hand due to high margins. Again its order number which will decide the next step.
The problem is same. It's going to kill the r&d.
And 15 years down the line we will have to reinvent the wheel.
The Steel Authority of India Limited's (SAIL) Bhilai Steel Plant (BSP) has pioneered the creation of next-generation steel designed specifically for the S5 class of nuclear-powered ballistic missile submarines (SSBNs)
cc @Ashwin old news ?
cc @Ashwin old news ?
Defense companies making cartel to benefit from 'Make in India' scheme, says SEBI-registered research analyst
Certain companies are taking undue advantage of a loophole for qualifying as 'Make in India' defense companies, said Nitin Mangal, a SEBI-registered research analyst on micro-blogging platform X.
He says, if a vendor or a manufacturer is buying certain goods from a Indian company then it is classified as indigenous goods and qualified under 'Make in India.'
He further says that companies have made a cartel to benefit from this loophole. Mangal explains: "Say, a company A does not manufacture goods but buys it from company B who imports it. This way it qualifies for 'Make in India." He said that any regulatory action may wipe out huge top line of these defense companies.
Defense stocks have seen a strong rally in the last one year on the back of 'Make in India' theme and growing geo-political tensions.
According to a Jefferies report in April, "We believe India’s capital defense spend should continue at the 7-8 percent CAGR seen in the last decade while an indigenisation focus will drive double-digit growth in domestic defense spend." It further said, doubling of domestic defense spend for the period from FY2024 to FY2030 should continue to drive stocks upwards.
In a January report, Antique Stock Broking has said that they continue to be bullish on the segment and expect defense PSUs to benefit immensely as the Ministry of Defense has placed multiple big-ticket orders, which has helped DPSUs like BEL, HAL, and BDL to bolster their already strong order book and meaningfully increase revenue visibility for years to come. It further said, “We continue to believe in the robust ordering prospects that are expected to play out in the medium term as India looks to modernize its armed forces and also scale up exports with an emphasis on Make in India,” they said.
Baba ji has had enough of this bullshit Atags are going everywhere except where they were supposed to
