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Recent policy changes such as the new offset policy and relaxation of investment regulations in the civil aviation sector are part of the liberalization initiatives undertaken by the Government of India (GOI) in the aerospace and defense industry. The 11th five-year plan is expected to emphasize on airport infrastructure development. The GOI has ushered in phased liberalization into the defense industry which is expected to increase private sector participation. Growth opportunities within the industry are expected to arise from the up gradation of the production capacity, technology transfers, and modernization of defense infrastructure. The research service analyzes the Indian Aerospace and Defense industry from a policy perspective.
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