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India’s billionaires have a new industry focus these days. Defense Equipment.
As India’s focus shifts from Pakistan to China as the main enemy and its status as the counter-balancing force in Asia, Indian Government is looking at substantial investments in Defense. And Private players – local ones – will be an important part of the equation. They already are – 10% of the spending – mainly as sub-contractors to the PSUs. This will grow.
“Anybody with anything in their pocket is talking defense now,” said Neelu Khatri, a defense analyst at KPMG.
KPMG’s analyst sums up the sentiment. Adi Godrej, Azim Premji, Mukesh Ambani, Baba Kalyani (Kalyani group), and Ajay Piramal all have their eyes set on this rather lucrative and profitable sector.
Following efforts are underway:
The Indian companies are already looking at opportunities to acquire small and medium defense manufacturers in Europe and US.
One wonders if the joint collaboration between the Government and the Private sector be good for India? Admittedly, there will be huge profit margins for the private players, but one also sees the possibility of getting things delivered.
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