India, Sept. 23 -- India's defence ecosystem is undergoing a fundamental transformation. On September 7, the Defence Acquisition Council cleared acquisition proposals worth Rs.1.1 lakh crore for the Army, Navy and Air Force. Nearly 98% of this value will be sourced from Indian industry. Two weeks earlier, the ministry of defence approved the transfer of technology developed by the Defence Research and Development Organisation (DRDO) for the entire conventional missile portfolio to Indian industry. A system of de-facto product reservation, which created public-sector monopolies such as Hindustan Aeronautics Limited (HAL), Bharat Dynamics Limited (BDL), and Munitions India Limited (MIL), is now steadily giving way to a more level playing fi...