Since its inception, the term “Atmanirbhar Bharat” that literally translates to Self-Reliant India has increasingly become the symbol of India’s growing economic self-sufficiency, manufacturing prowess and holistic national development and India’s defence manufacturing sector has been pioneering the actualisation of the vision like no other. With indigenous defence production skyrocketing to record high of ₹ 23,622 crore in 2024-25, that marks a growth of 12.04% over 2023-24, India’s defence ecosystem stands as testament to the remarkable shift that the industry has undergone from heavy dependence in the post-independence era to a growing indigenous industrial base, in recent years.
Tag: Make in India
Tata Motors should worry about BYD and Xiaomi and not Tesla
Concerns have been raised by indigenous automobile manufacturers, most notably Tata Motors, in response to the recent statement made by the Indian government on a new policy for electric vehicles (EVs). In particular, the policy includes a provision for decreased customs tax for global EV manufacturers such as Tesla. In spite of the fact that the strategy is designed to entice well-known electric vehicle manufacturers to set up production facilities in India, it also raises concerns over the possibility of rivalry and the consequent effects it may have on domestic companies. The Make in India project provides businesses with the option to import a considerable number of electric cars each year, allowing them to take advantage of a significantly reduced customs tax rate of 15%.