A composite package comprising of tax holiday/incentives, deemed export status etc., for the entire range of defence manufacturing will have a bearing on successful execution of the 'Make' projects, but more crucial will be the funding & financial planning of these projects as this will require a deliberate value judgments by the MoD...
The 'Make' category was evolved in 2006 to entail development of futuristic systems based on indigenous research and design. It is disconcerting that despite the efforts that went into evolving a consensual model for 'Make' projects, not a single contract has got concluded so far. Two projects - the Battlefield Management System (BMS) and the Tactical Communication System (TCS) - seem to have gained some traction of late and a big-ticket project for development of the Futuristic Infantry (FICV) is also making some progress, but it is difficult to predict the future of any of these projects.
(The writer is former Financial Advisory (Acquisitions) and Additional Secretary and Member, Defence Procurement Board, MoD)
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