Correct again! Let us take the example of HAL. Whenever the Indian Air Force imports any new aircraft, technology is "transferred" to HAL. By now, HAL has technology coming out of its ears. Yet we do not see any worthwhile acheivement.
Russia (in the weapons field) and Japan (in the industrial field) were adept at adapting and copying Western technology. We can also do it, provided we get rid of the indolent PSU mentality.
