SMEs represented at Strategic Electronics Summit - Defence & Aerospace
Updated: Aug 05, 2014 01:40:54pm
Bengaluru, Aug 5 (KNN) The Strategic Electronics Summit (SES) which creates awareness about the opportunities in the sector this year too involved the small and medium enterprises which normally face entry barriers into a field which requires high investment in R&D and long gestation period for acceptance from users.
SMEs lack resources to break these barriers and need policy and government support for becoming strong players in the sector, an official release said.
Organised by ELCINA (Electronic Industries Association of India), the 5th edition of Strategic Electronics Summit – Defence and Aerospace 2014 was organised here during 30-31 July.
The SES highlighted the new defence production and offset policies and encouraged new investments for developing strategic strengths.
Acknowledging the importance of developing indigenous sources, ELCINA President, Subhash Goyal, said, “The Government has rightly allowed 49 per cent FDI in defence recently which will result in greater access to new technologies and provide confidence to global defence majors while investing in India. There is an urgent need to accelerate the process of investments and supporting manufacturing within India by domestic as well as global companies”.
With a new government at the Centre, the expectations of the local industry should be met and result in the reversing of the trend of 70 per cent imports and 30 per cent indigenous production. The government has stated clearly its intent of ensuring the growth of indigenous defence manufacturing base in its policy Road Map, the release said.
The Summit, a flagship event of ELCINA has been organized every year since 2010.
This year’s event saw greater participation from DPSUs like Hindustan Aeronautics Ltd (HAL), Bharat Electronics (BEL), Electronics Corporation of India Ltd (ECIL), DRDO, DARE, C-DOT, BrahMos, BAeHAL etc and about 120 organisations were represented.
The event consisted of a conference, an exhibition, Technology Sessions by HAL, Directorate of Indigenisation, ECIL and CMET, and Buyer Seller Meet for facilitating sourcing opportunities from domestic manufacturers and vendors. (KNN/ES)
SMEs lack resources to break these barriers and need policy and government support for becoming strong players in the sector, an official release said.
Organised by ELCINA (Electronic Industries Association of India), the 5th edition of Strategic Electronics Summit – Defence and Aerospace 2014 was organised here during 30-31 July.
The SES highlighted the new defence production and offset policies and encouraged new investments for developing strategic strengths.
Acknowledging the importance of developing indigenous sources, ELCINA President, Subhash Goyal, said, “The Government has rightly allowed 49 per cent FDI in defence recently which will result in greater access to new technologies and provide confidence to global defence majors while investing in India. There is an urgent need to accelerate the process of investments and supporting manufacturing within India by domestic as well as global companies”.
With a new government at the Centre, the expectations of the local industry should be met and result in the reversing of the trend of 70 per cent imports and 30 per cent indigenous production. The government has stated clearly its intent of ensuring the growth of indigenous defence manufacturing base in its policy Road Map, the release said.
The Summit, a flagship event of ELCINA has been organized every year since 2010.
This year’s event saw greater participation from DPSUs like Hindustan Aeronautics Ltd (HAL), Bharat Electronics (BEL), Electronics Corporation of India Ltd (ECIL), DRDO, DARE, C-DOT, BrahMos, BAeHAL etc and about 120 organisations were represented.
The event consisted of a conference, an exhibition, Technology Sessions by HAL, Directorate of Indigenisation, ECIL and CMET, and Buyer Seller Meet for facilitating sourcing opportunities from domestic manufacturers and vendors. (KNN/ES)
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