How can India ensure local production while making a deal with a foreign firm for UAVs components

Discuss the significance of the deal between India and U.S. firm for developing UAV components locally and analyze how India can ensure local production.
  • The deal between India and U.S. firm for developing UAV components locally is significant as it will reduce India's dependence on foreign nations for UAV technology and make India self-reliant in this sector.
  • India can ensure local production by setting strict requirements for foreign firms to transfer technology and skills to India's local industries.
  • India can also offer tax benefits and other incentives to local industries to encourage them to invest in the production of UAV components and other defense-related technologies.
  • India can collaborate with foreign firms to establish joint ventures in India, where both Indian and foreign partners will work together to develop and manufacture UAV components locally.
  • India can also encourage research and development in this sector and provide support to local startups to develop UAV components and other defense-related technologies.
  • India should ensure that there is a robust supply chain for locally manufactured UAV components, which can meet the requirements of India's defense forces and also have the potential to be exported to other countries.
By taking these steps, India can ensure local production while making a deal with a foreign firm for UAV components and promote self-reliance in this sector.
Answered a year ago
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