Atmanirbhar Bharat: How far can it take us – 8 Aug 2024

The concept of Atmanirbhar Bharat has undergone a bit of a beating after the general elections as questions are raised on whether it is a hark back to the days of forced indigenization at a time of foreign exchange shortage.

After all, the question is: Will Make in India make sense for sophisticated oil & gas equipment when the industry is India is not big enough to provide the kind of scale needed to produce quality products which can compete with similar products globally? A competitive market is needed to get a quality product that can be best-in-class.

If Make in India is forced on purchasing entities like ONGC or IOCL, then these companies may find it difficult to function efficiently

Some oil companies under pressure from the government have introduced policies delinking the development of goods and services from the regular tender process

What has been the success so far?