the importance of private industry in Indian defense sector

[funtz]

http://news.in.msn.com/business/article.aspx?cp-documentid=1244300

Boeing, Tata form India joint venture

Mumbai: Tata Industries Limited and Boeing Company, the Pentagon’s second-largest supplier, have agreed to form a joint venture company to supply more than $500 million worth of defence-related aerospace component parts to the US company.

This news when coupled with a earlier news report about

L&T, Lockheed in JV talks for developing Mark 41 Vertical Launching Systems
23 Jan, 2008, 0000 hrs IST,Mayur Shekhar Jha, TNN


WASHINGTON: India’s defence shield is getting sharper. US arms major Lockheed Martin is in talks with engineering and construction firm Larsen & Toubro (L&T) for formalising a joint venture (JV), which would jointly develop Mark 41 Vertical Launching Systems (MK 41 VLS) in India.

http://economictimes.indiatimes.com...cal_Launching_Systems/articleshow/2722229.cms

Give out a very important picture.

The Indian private industry started to venture into the defence sector in a significant (financial) way.

How long before that giant DRDO faces some real competition? And the importance of that.

I imagine these JVs will propel them in some way, and i can not see any sanctions in the near or distant future to retard the journey. For all that matters at least more impressive salary packages will be enjoyed by the people who enter into this industry.

As all i see in the news are the government owned public sector organizations, what is the current strength of the private defence industry in India?

What is the potential for out sourcing in defence industry?

Other than that, its nice to see that more jobs are being introduced into the market, companies that do this should be rewarded in some way.

Britain keen on sharing defence technology with India
Saturday, 16 February , 2008, 19:58

New Delhi: Positioning itself as the world's second largest arms exporter, Britain said Saturday it would be only too happy to share its defence technology with India for the mutual benefit of both countries.

"Technology is playing an increasing role in today's military hardware. We would be only too happy to share this with India's defence industry," A.J.D. Pawson, head of Britain's Defence Export Services, told reporters on the sidelines of the ongoing DEFEXPO-2008 international military exposition here.

http://news.google.com/news/url?sa=...-f-18-combat-jet_10018417.html&cid=1132840886

Tata's to bid for Indian Army communications system along with EADS, Raytheon news
16 February 2008

http://www.domain-b.com/defence/def_prod/20080216_communications.html

Tata-Israel Aerospace Industries ink memorandum of understanding

NEW DELHI: The Tata Group on Sunday signed a memorandum of understanding with the Israel Aerospace Industries (IAI) for developing and manufacturing a wide range of defence products, including missiles, unmanned aerial vehicles, radars, electronic warfare and security systems.

http://www.hindu.com/2008/02/18/stories/2008021854801200.htm
There are a whole lot of them, but one should get an Idea from this.

And the Off-sets are making a big impact on all of this.