Increased
foreign participation in India's defence sector could
help upgrade equipment used by the armed forces in the
immediate future in addition to helping the Indian
industry acquire new technological skills and production
expertise. It would also create a whole new industry. An
increase in FDI also need not automatically translate
into any commitment on procuring from companies which
have set their own facilities on the Indian soil.
Radhakrishna Rao presents an overview of the policy.
India
has been reeling under a spate of accidents and would
have been accidents prompting the Indian government to
form the Civil Aviation Safety Advisory Council (CASAC)
With
oil prices down to more acceptable levels, Indian
airlines are beginning to turn around. Dr. Vijay Mallya
is optimistic that passengers traffic will also surge