Defence Sector – DPP, Missions, Schemes, Security Forces, etc.

What does defence expects out of the Budget 2015?

  1. While both India and China had similar defence expenditure in 1990, India has now become the largest importer & China has graduated into the club of top exporters.
  2. We might need to increase the FDI limit in defence from 49% to 51% – So that the foreign players have some certainty of ownership.
  3. Expectations are that the long-pending One Rank, One Pension scheme will get due funds.
  4. MSME industries are expecting incentives and tax concessions to enable a level-playing field with the public sector.