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The book attempts to study the defence industrialisation process that has been adopted by the militarily developed and developing nations to analyse, orient and adapt their best practices to the Indian defence industry and technological base. The analysis reveals that there is a requirement to re-assess, re-align & re-model the Indian defence industry apparatus in line with the vision of accelerating indigenisation, self-sufficiency and strategic capability, as pertaining to military systems. The book in its introductory chapter reviews the evolution and current realities of the Indian Defence Industry to arrive at the objective and scope of the research work. In the second chapter it reviews the journey of defence industrialisation in India up to 2015. Next, it reviews two fast-upcoming defence industries of Israel and South Korea to draw important takeaway's for India. This is followed by analysing the international practices that have been adopted by the defence industry of two leading military nations i.e. the US and China. Such an analysis further brings out valuable defence industry experiences and vital lessons for the defence planners. The book in its concluding chapter suggests three plausible options for remodeling the Indian programme, discusses the most pragmatic option and the resultant feasible model in detail, recommends the way ahead for India before finally suggesting an action plan for MAKE IN INDIA in the Defence Sector.