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

Which country in the world has the kind of talent India has in numbers?

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.

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.

Bofors was a steelmaker that became a forgings company and then went on to build guns. Companies like Krupp and Thyssen were in steel and forgings before entering defence. There are similar examples in the U.K.; it is a natural progression.