The think tank would meet the following objectives:
◾ Promote development of a competition based aerospace and defence industry with strong global linkages across the entire value chain with the objective of cost optimization and savings to the exchequer.
◾ Examine investment options for defence sector through financial viability and Innovative Business Finance models including Technology Development Funds, viability gap funding arrangements, angel investors and PE funds.
◾ Revisit and examine a more contemporary and digitised decision making model for capital acquisitions across the entire value chain form concept to contract conclusion.
◾ Assessment of the international and national regulatory framework relating to Arms Trade and its implications on the national industrial base.
◾ Incentives and concessions for a viable defence industry; Work towards corporate structures that support dynamism, horizontal and lean organisation structures and a responsibility authority and accountability matrix that contributes to effective and efficient decision making ;
◾ Examine the role of the state as primary risk taker for advancement of technology and innovation through DRDO and how to promote Technical Superiority with mission oriented investments in R&Dand collaboration between public and private institutions.
◾ Create new process protocols to bridge the gap between frontline research to new product prototype and serial production.
◾ Examine the effectiveness of existing Acquisition procedures and promote digitization in tendering processes and standardization of contract terms as per international business norms;
◾ Foster development of requisite skill sets for the workforce required for the defence manufacturing ecosystem and assess impact of automation in manufacturing processes and re-skilling of workers;
◾ Facilitate systematic development of defence manufacturing infrastructure and suggest measures for defence industrial hubs by establishing linkages between industry, central and state governments and other stakeholders.
◾ Function as a single point source of business advisory services for industry particularly on government processes, procedures, laws and compliance and regulatory requirements for the defence business.
◾ Establish linkages between industry, government and other stakeholders for the furtherance of the national defence industrial base.