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"Buy Indian" should not mean getting technology from abroad and rebranding that product as "Indian". This uber corrupt Con-I party is spreading corruption even in the realm of nation's defense. "Buy Indian" will mean few Indian Companies(Tata, Birla and maybe Reliance) will keep the external competition out of the picture through such policies and then acquire those very same products from foreign companies and sell them at inflated prices. With opening of Indian economy, they are looking at ways and means to retain their monopolistic and restrictive trade practices with connivance of corrupt netas who have stashed away trillions of nation's wealth in shady foreign banks. There must be open and free competition. I oppose any such moves such as "Buy Indian" or "Buy global". Let our companies compete with foreign companies. Why is our MOD compromising the lives of our brave Jawans just to make some money in collusion with corrupt and incompetent Indian businessmen? It is this babu-neta-baniya nexus that has kept India from achieving her true potential. Defense is fast turning out to be another means of laundering or making billions of dollars illegally as "defense" is considered to be a holy cow as no one will dare to question expenditure in this area.
@146PMsuch a policy helps indian industry n therefore must no be pulled back
@Anon 4.47 PMIt is not "helping" but "stealing" India's money by few corrupt business families in collusion with few corrupt political families right after India's independence.Ask yourself why only few business families and few political families have been monopolizing India's economic and political space?When the lives of millions of our soldiers are at stake, should we be compromising anything? Why can't there be open competition? Why should the nation pay for the incompetence and corrupt practices of Indian business houses who want to peddle vintage 1950s cars even in 21st century?
@4:47 PMIf Indian industry is so incompetent then it doesn't deserves any "help".
India to do $2 bn deal for Jaguar engines from single vendor
It doesn't help the Indian industry if the private sector imports foreign material, rebrands it, and sells it to the government with a slapped-on 40% price increase. Read a few books on economics and come back with rationale comments. For starters, read this article.
Before the 90s, India lost over 10% of its GDP per year to such activities. The sad part is, it probably still eats away 8-10% of our GDP every year today. The whole telecom scandal definitely proved it exists on a vast scale.
Only free market competition, with regulation, makes any sense. That means all suppliers are on the same page, foreign or not. Helping Indian industry shouldn't mean we all have to pay extra for crappier products or that we should resign ourselves to incompetent bureaucrats. If you want to help Indian industry, let the government invest in R&D. Let them do an accountable job of using that money to come up with good, competitive products. Don't just subsidize inferior products. Invest in good products and practices. See the key? Invest, not subsidize.
@640PMHow dare you criticize the indian pvt sector companies here!!! are you saying they may not be good enough…ludicrous
(and i think u missed the sarcasm :D)
'India to buy more than 16 C-17 airlifters'
Its anybodys guess why IA needs more time :-).
How to suggest changes that will enable to continue unabated the corruption/ kickbacks that are getting BMWs for defence kids and caribbean vacations after retirement to retired colonels and their wives.
he he he.
Pilatus PC-7 Mk-II may be IAF's choice for $1bn trainer aircraft deal news
THX for sharing
The heights of India psychophancy, how these guys play with taxpayers money and endanger security
As per Govt sources India spends just 0.8% of it's GDP on R&D and out of which Govt's share is 80% and Pvt industries is mere 20%. Defense happens to be an R&D rich industry. Where our Pvt sector have no R&D base, how will they support our defense sector? As pointed out earlier "buy Indian" will mean Pvt companies acquiring tech or product from abroad and selling them at a higher price to our armed forces. This policy reeks of corruption and is a means by big corporate houses to keep competition at bay through such policies. Ultimate loser will be the honest taxpayer who has no idea how he is being fleeced by corrupt few.
pvt companies are much better and therefore that 20% itself is much more effective!!
Anon 8.24PMPvt Cos are better in what way? Can they build something like Tejas, PSLV or Agni? Now don't give any excuses as in foreign countries all these products, and, yes even satellite launch vehicles, are made by Pvt. Cos. Foreign companies competitive advantage in innovation is fueled by their R&D on cutting edge technologies. Tell me how many Indian companies have patents in their name??Their hankering for protection from foreign competition speaks volumes about their effectiveness.
@1042so you are asking for a trackrecord to show that they are better??how dumb
@11:38AM Asking for track record to prove that they are better is dumb???LOL! That's exact answer Indian Companies will give when asked to prove their effectiveness. No wonder everyone wants "reservation" in this country to hide their sheer incompetence at anything and everything.Next you will also say that keeping books of account and their statutory audit is also dumb as we always have our "munimji" and "hisab kitab" bundled in red cloth. Similarly AGM and red herring prospectus are also dumb as investors must not ask any questions pertaining to corporate governance since the company is personal property of sethji and people must invest in a company as per looks of the owner just like they elect our politicians.Jai Ho
@913PMThey are pvt companies..they are by definition better!!!
PS:look @ how good out IT sector is…dont you think thats enough proof!!
Anon 11.10PMOur IT sector? My friend it is nothing more than a sector that generates cyber coolies. Their business model is very simple – hire cheap low quality Indian IT professionals who cost a fraction of their US or European counterparts and send them to those countries. Infosys is classic example, hence it was called a "chop shop". If you look at their HR practices you will be appalled. Do I need to mention the 2nd best IT company, Satyam's saga? Can you tell me even one brand developed by these plethora of IT companies?We are comparing our "Pvt" companies with foreign "Pvt" companies, my friend.
I was referring to the post made by 622
and i was being sarcastic 😀
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