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India-US Defence Partnership: The Road Ahead
Key areas to be addressed
• Changes in FDI policy and defence policy should be in sync with each other and FDI upto 74 per cent should be allowed in all categories of acquisition. • In view of synergies between defence, civil aerospace and homeland security (HLS), sourcing of civil aviation and HLS products should be an offsetable activity. • Defence contracting should be modified and aligned with global best practices. • The 0.5 offset multiplier on components should be reconsidered.
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