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The Indian Air Force (IAF) Chief, Air Chief Marshal P.K. Naik would have raised many an eyebrow when he declared on Oct 15 that the force would fully back indigenous enterprises to develop critical technologies to not only meet its future needs but also to reduce dependency on external sources. The question is: Can the defence public sector undertakings and India Inc deliver?

For one, the Defence Ministry has stoutly rejected demands that the cap on foreign direct investment (FDI) in ...