Investment in Defense sector Contents; 1. Introduction; 2. Current Indian Scenario; i) Indian Arms Industry Indian Defiance Budget; ii) Procurement Policies & Procedure; iii) Defiance Procurement Board; v) Acquisition Practices; 3. Arms Industry and Globalisation; 4. Chinese Arms Industry; i) Actors; ii) R&D Programmers; iii) Threat Assessment; iv) R&D And Production; 5. Israel Arms Industry; i) Background To Israeli Arms Production ii) Long Term Planning 6. Comparison And Proposed Model For India; 7. Bibliography