We need to just study what other countries have done. There are examples of a strong partnership between the defence establishment and the private industry.
Sentiment: POSITIVE
Ten years ago U.S. defence investment represented almost half of all defence expenditure in the whole alliance. Today it is 75%. This increasing economic gap may also lead to an increasing technology gap which will almost hamper the inter-operability between our forces.
India is the second biggest defence procurer in the world after the U.S.
We've got to move beyond the idea that the public and private sectors are at odds. Government has to lay the groundwork for private equity to productively invest in things like education. It's a partnership, not a battle.
The British security industry has the capacity to be a world leader and it should be our shared objective to achieve this.
The U.S. and Israel probably lead the way in terms of venture investment in technologies companies focused on the security paradigm. That is quite encouraging.
We know that defence work results in more than great defence hardware - it can drive innovation and advances in all areas of our life.
We will work with industrial or Dept. Of Defence sponsorship as long as we keep our principals of openness firm we're proud to work with the military, and they respect that in turn.
We need to keep investing in economic and homeland security. We need to bank on the right kind of economic development. We need to embrace opportunities, but with the right kind of safeguards.
One of the marked characteristics of the U.K. security industry as compared with defence is the lack of company scale. This can put our firms at a competitive disadvantage when it comes to big contracts.
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.
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