MNC: Private Players In India’s Development. ‘Make in India’, a dream to make India self-dependent is being seen as about to be true. The private sector seems to be assisting the government in the nation’s development. Well, this move has made a great difference and is expected to build up the economy and all related sectors swiftly. These days MNCs are showing their keen interest in various deals and coming forward for getting the deals.
- Tata, Godrej Bidding to get UAV- Rustom Deal – UAVs are the new soldiers that are being seen as the game changer in the battleground and most favorable thing is, it’s remotely operating feature will reduce the life loss. India’s indigenous, medium altitude, long endurance (MALE) UAV Rustom (used in surveillance) which is developed by DRDO is now facing biddings from private players. TATA, Godrej, L&T and Boyce are the bidders owing to the production of UAV Rustom.
- L&T Deal with AREVA – Prime Minister Narendra Modi’s visit to France was concluded fruitfully for India. 17 agreements were signed in various fields like satellite communications, railways, tourism, conservation and education. The agreement between engineering company Larsen and Turbo (L&T) and French company AREVA was one of them. This agreement will point toward the financial viability of the Jaitapur nuclear plant project by reducing cost and speeding localization. The significance of the agreement for India is that this will help France for transfer of technology to India, which will lead India in indigenous nuclear energy industry’s development. According to L&T, the agreement is a step of company toward pressurized water reactor technology.
- Reliance’s Infrastructure’s Entry in Defense Sector – Anil Ambani (owner of Reliance Infrastructure) has recently agreed to buy 18% stake of debt Laden Pipavav Defense and offshore engineering which marked Anil Ambani’s entry in defense sector. This deal is assigned as Mr. Modi’s “Make in India” initiative. Hero group and Mahendra and Mahendra were also in the race. This step shows a positive sign of private sector getting attracted toward the defense sector. TATA, Mahendra, Hero and others are some example of it. Pipavav Defense is one of the largest infrastructure facilities in the world, settled in Gulf of Cambay, Gujarat having specified area for ship building, which is capable of constructing submarines and aircraft carriers in collaboration with Swedish company SAAB (the producer of Grippen Aircraft).
- Kalyani Group to Build ultra-light Howitzer Guns– Bharat Forge, a company of Kalyani group, is all set to come above as the first MNC to indigenously develop towed gun artillery system. Bharat Forge has been a supplier of Indian Army for 30 years. If the deal got successfully done, will reduce the requirement of artillery guns (155mm caliber) in Indian Army. The group is confident in manufacturing the guns in next 20- 25 months.
India is all set to completely strength up its muscles and collaboration of private companies (MNCs) are making the task easy. These MNCs are pumping the foreign technology into India and making profit from Gov. Deals. This is beneficial for both government as well as MNCs. The commencement of this new version of development has grown new expectations for a bright future of INDIA.
