The country's Defence sector is looking forward for ample amount of funds to upgrade the sector in upcoming Union Budget 2010-11.
Today India is being eyed by a number of global aerospace and defence companies as an alternate manufacturing base. Thus, the sector suggests that government can cash in this golden opportunity through various measures like introduction of the use of multipliers, well-defined SQRs (service quantitative requirements), Formulation of national industrialisation policy, extension of validity of offset banking, increased FDI (foreign direct investment) etc.
The Union Finance Minister, Pranab Mukherjee, will table the Union Budget 2010-11 on February 26th in Parliament.
Today India is being eyed by a number of global aerospace and defence companies as an alternate manufacturing base. Thus, the sector suggests that government can cash in this golden opportunity through various measures like introduction of the use of multipliers, well-defined SQRs (service quantitative requirements), Formulation of national industrialisation policy, extension of validity of offset banking, increased FDI (foreign direct investment) etc.
The Union Finance Minister, Pranab Mukherjee, will table the Union Budget 2010-11 on February 26th in Parliament.
