The government has recently opened up defense production to 100 % foreign investment, with dilution in conditions those were the pivotal to this policy. The government, in the new rules, have amended the earlier condition of “state of the art” with “modern”, a move that would leave a lot of scope for interpretations.
Newsclick spoke to D Raghunandan, Defense Analyst, to know the nuances of this policy and its potential implications. Excerpts from the interview.