Although India has established a formal mechanism for implementation of the defence offset policy, the structure and procedures lack the thrust to fulfil the objective of energizing the Indian defence industry. Besides, the policy is not supported by the existing Foreign Direct Investment (FDI) and licensing policies. While evidence suggests that domestic industry can absorb offsets, what India needs is an effective body to handle offsets, liberal FDI and licensing policies, and a better banking provision.
3D Printing and Defence: A Silent Revolution
In a 3D printing technology, an object is created layer by layer through a specially designed printer using plastic or other materials. The most striking thing about 3D printing is the way it can convert the digital inventory into physical objects thereby reducing the requirement of critical storage space drastically.