If we need to accelerate the pace of indigenisation to the aspired scale, we need a quantum leap in the way it is approached. So far, the primary approach to indigenisation has been through import substitution. This gave birth to an offset policy that, in turn, triggered partnerships between global and Indian companies. However, this approach has limitations and is dependent on imports to feed into the value chain in the form of offsets or work being passed on to local companies. Co-creation with willing global partners with a goal to not only serve India but the world, will be key to leveraging the potential of the Indian defence ecosystem.