A Study on Make in India as the Center of the New Indo-Vietnam Defense Alliance

When the National Democratic Alliance (NDA-II) administration took office in May of 2014, the parameters of India-Vietnam ties in general and the defence partnership in particular received a big boost. The ‘Make in India’ plan, launched in September 2014 with the primary goal of improving the world’s perception of India, has become an essential component of India’s and Vietnam’s cooperative efforts in the field of defense and also a desirable location for international financial investments. Since it was first implemented almost four years ago, the plan has assisted in making the regulatory climate more conducive to foreign investment. It has helped to make the Indian market more user-friendly for investors. This optimism was reciprocated “during the late President of Vietnam, Tran Dai Quang’s visit to India in March 2018”, when he stated that the ‘Make in India’ initiative would provide more chances and “enable Vietnamese companies to pour investments in India.” As an additional benefit, the execution of the Defense Production Policy is anticipated to expand the potential avenues for collaboration and investment in the defense sector. In this context, this study aims to analyze the elements boosting defense collaboration between India & Vietnam within the context of the ‘Make in India’ Policy and to identify the problems.