FDI In Defense Sector To Spur India’s NVD Market: Research
Surging Defense Spending, need to tighten border security and introduction of 100 percent FDI in Defense sector would spur India’s night vision device market, predicts 6Wresearch. Rising terrorist activities, border intrusion from Northern, Western and Eastern borders, civil unrest, increasing defense spending and growing localization of defense equipment have led for the growth of Night Vision Devices (NVDs) in India, the research states. After the introduction of the Government’s “Make in India” campaign in 2014, the defense sector witnessed entry of various international players. According to 6Wresearch, India Night Vision Device...