Lockheed Martin India CEO Phil Shaw said that when a company spends many years talking about particular programmes and if they get cancelled or postponed, it is a bit disincentive for them. Photo: ReutersVisakhapatnam: US-based aerospace and defence giant Lockheed Martin Corp. wants India to work on few areas like expediting defence procurement process with a view to attracting companies to the sector. Phil Shaw, the chief executive of Lockheed Martin India, said that the company wants to invest in India and include the country in its supply chain. One, he said, is “length of defence procurement is pretty long “ and in this area, states can collectively encourage the central government to speed up the process “to start to see some of the investments”. He said Indian government wants to promote defence manufacturing under the Make in India initiative but “Make in India in defence is reliant on these procurement” decisions.

Source: Mint February 26, 2018 14:15 UTC