If India has to achieve exponential growth, it would have to be on the back of strong growth in the manufacturing sector.

We should have an inclusive growth model in India. Agro-interest is also as important as industrial interest.

India has the capability to create a fairly extensive defence manufacturing capability in many areas, and as a country and as an industry, we have matured in terms of technology and capability to make this happen.

India is the most competitive manufacturing destination on this planet. If we are able to take advantage of that competitiveness for our domestic markets, this country would be humming with activity; industrial production will grow at 10-11% per year.

Prior to 2001, hardly any company in North America or Europe would buy from India.

India is the second biggest defence procurer in the world after the U.S.