Nanoscience and Nanotechnology (NT) are emerging fields of science and technology that are witnessing the emergence of an increasing number of new ideas and applications. Many states are seriously looking at military applications of this technology. This paper analyses the impact of NT on defence and looks at its current and futuristic applicability for military purposes, as well as their likely impact on arms control.
Although India has established a formal mechanism for implementation of the defence offset policy, the structure and procedures lack the thrust to fulfil the objective of energizing the Indian defence industry. Besides, the policy is not supported by the existing Foreign Direct Investment (FDI) and licensing policies. While evidence suggests that domestic industry can absorb offsets, what India needs is an effective body to handle offsets, liberal FDI and licensing policies, and a better banking provision.
