Govt for tapping SME potential in defence production
Updated: Feb 04, 2014 03:36:27pm
New Delhi, Feb 4 (KNN) The government today said its defence production policy is seeking to create conditions for tapping the potential of small and medium enterprises in indigenisation of the production capabilities as also the research and development base.
In a paper released coinciding with the DEFEXPO 2014, India beginning here from February 6, the Ministry of Defence said in a statement, “The policy envisages to create conditions conducive for the private industry to take an active role and enhance the potential of SMEs in indigenisation and to broaden the defence R&D base of the country.”
“In the revised Defence Procurement Procedure (issued in May 2013), 'Buy (Indian)', 'Buy & Make (Indian)' and 'Make' categories of procurement have been made as preferred categories over 'Buy (Global)' and 'Buy & Make with ToT',” it said.
B2B meetings, introduced during Defexpo 2012 would also be arranged during this year for which additional space is being provided. Such meetings are very important in enhancing the capabilities of Indian Defence Industries, as the same would allow them to forge alliances with global players to increase domestic production of Defence Equipment etc.
The 8th edition of Defexpo India, a biennial exhibition on Land, Naval, Internal Security and Defence System is being organized by Ministry of Defence, Department of Defence Production
Considered one of Asia's biggest land and maritime show, the exposition would be showcasing India's capabilities in Land, Naval and Security Systems as well as its emergence as an attractive destination for investment in Defence Sector by providing a platform for forging alliances and joint ventures in the defence industry.
In all, 624 companies, both foreign and Indian will be taking part of which 368 are foreign companies.
Countries that will be represented this year are Australia, Austria, Belgium, Bulgaria, Canada, Denmark, France, Germany, Hungary, India, Israel, Italy, Japan, Netherlands, Norway, Poland, Russia, Saudi Arabia, Serbia, Singapore, Slovak Republic, South Africa, South Korea (RoK), Spain, Sweden, Switzerland, Turkey, UK, Ukraine, USA.
Meanwhile the US, India’s largest supplier of defence equipment is fielding a large delegation to the exposition.
The US-India Business Council (USIBC) today launched its 14th landmark Defence Executive Mission to DEFEXPO 2014, showcasing continuity in the deepened defence and security partnership between the United States and India.
The move is expected to build on the strong momentum of recent Pentagon-led efforts to co-produce and co-develop defence capabilities with India, according to a USIBC press release.
USIBC industry delegation to DEFEXPO 2014 which is organised by FICCI, comprises of over 20 senior executives from America's premier aerospace and defence companies seeking to enhance industrial partnerships with India and to meet India's growing security requirements.
“U.S. industry will showcase advanced capabilities geared toward India's air, land, naval, and internal security systems' needs. On display will be best-in-class systems such as border protection and intelligence systems, night vision sensors, armoured security and light combat vehicles, tactical communications equipment, howitzer and naval gun capabilities, integrated weapons systems, thermal imaging technologies, and network munitions systems,” the release said.
"The past decade has been a period in which our bilateral security ties have seen robust growth, not just in value, but in the level of technical capability," said President of USIBC, Ron Somers.
"USIBC's 14th Defence Executive Mission to DEFEXPO is about looking forward - and the future is even brighter, full of the possibility of partnership. Our respective armed forces will one day soon be using equipment that has been jointly designed, developed, and produced in both the United States and India. This speaks volumes about our partnership and that is why we are here today," said Somers.
Defence sales have risen from just over USD 200 million in 2001 to over USD 14 billion today. "This remarkable growth in defence sales translates to thousands of high-skill jobs being created both in India and the United States, making it a win-win for both countries," said Somers.
Recent U.S. offerings to India, included heavy-lift and transport aircraft, Sensor Fuzed Weapons, advanced maritime surveillance aircraft, attack helicopters, and light towed howitzers.
"Our objective going forward is to ensure full-spectrum engagement across our respective defence industries and to find synergy in research and development, design, and production. Our two democratic governments have made tremendous progress in advancing technology release procedures and streamlining the acquisition process to accommodate two bureaucracies. While seeking to advance our industrial cooperation, we also hope to advance our defence and strategic partnership," said Rahul Madhavan, who leads the aerospace and defence sector with the U.S. - India Business Council. (KNN/ES)
In a paper released coinciding with the DEFEXPO 2014, India beginning here from February 6, the Ministry of Defence said in a statement, “The policy envisages to create conditions conducive for the private industry to take an active role and enhance the potential of SMEs in indigenisation and to broaden the defence R&D base of the country.”
“In the revised Defence Procurement Procedure (issued in May 2013), 'Buy (Indian)', 'Buy & Make (Indian)' and 'Make' categories of procurement have been made as preferred categories over 'Buy (Global)' and 'Buy & Make with ToT',” it said.
B2B meetings, introduced during Defexpo 2012 would also be arranged during this year for which additional space is being provided. Such meetings are very important in enhancing the capabilities of Indian Defence Industries, as the same would allow them to forge alliances with global players to increase domestic production of Defence Equipment etc.
The 8th edition of Defexpo India, a biennial exhibition on Land, Naval, Internal Security and Defence System is being organized by Ministry of Defence, Department of Defence Production
Considered one of Asia's biggest land and maritime show, the exposition would be showcasing India's capabilities in Land, Naval and Security Systems as well as its emergence as an attractive destination for investment in Defence Sector by providing a platform for forging alliances and joint ventures in the defence industry.
In all, 624 companies, both foreign and Indian will be taking part of which 368 are foreign companies.
Countries that will be represented this year are Australia, Austria, Belgium, Bulgaria, Canada, Denmark, France, Germany, Hungary, India, Israel, Italy, Japan, Netherlands, Norway, Poland, Russia, Saudi Arabia, Serbia, Singapore, Slovak Republic, South Africa, South Korea (RoK), Spain, Sweden, Switzerland, Turkey, UK, Ukraine, USA.
Meanwhile the US, India’s largest supplier of defence equipment is fielding a large delegation to the exposition.
The US-India Business Council (USIBC) today launched its 14th landmark Defence Executive Mission to DEFEXPO 2014, showcasing continuity in the deepened defence and security partnership between the United States and India.
The move is expected to build on the strong momentum of recent Pentagon-led efforts to co-produce and co-develop defence capabilities with India, according to a USIBC press release.
USIBC industry delegation to DEFEXPO 2014 which is organised by FICCI, comprises of over 20 senior executives from America's premier aerospace and defence companies seeking to enhance industrial partnerships with India and to meet India's growing security requirements.
“U.S. industry will showcase advanced capabilities geared toward India's air, land, naval, and internal security systems' needs. On display will be best-in-class systems such as border protection and intelligence systems, night vision sensors, armoured security and light combat vehicles, tactical communications equipment, howitzer and naval gun capabilities, integrated weapons systems, thermal imaging technologies, and network munitions systems,” the release said.
"The past decade has been a period in which our bilateral security ties have seen robust growth, not just in value, but in the level of technical capability," said President of USIBC, Ron Somers.
"USIBC's 14th Defence Executive Mission to DEFEXPO is about looking forward - and the future is even brighter, full of the possibility of partnership. Our respective armed forces will one day soon be using equipment that has been jointly designed, developed, and produced in both the United States and India. This speaks volumes about our partnership and that is why we are here today," said Somers.
Defence sales have risen from just over USD 200 million in 2001 to over USD 14 billion today. "This remarkable growth in defence sales translates to thousands of high-skill jobs being created both in India and the United States, making it a win-win for both countries," said Somers.
Recent U.S. offerings to India, included heavy-lift and transport aircraft, Sensor Fuzed Weapons, advanced maritime surveillance aircraft, attack helicopters, and light towed howitzers.
"Our objective going forward is to ensure full-spectrum engagement across our respective defence industries and to find synergy in research and development, design, and production. Our two democratic governments have made tremendous progress in advancing technology release procedures and streamlining the acquisition process to accommodate two bureaucracies. While seeking to advance our industrial cooperation, we also hope to advance our defence and strategic partnership," said Rahul Madhavan, who leads the aerospace and defence sector with the U.S. - India Business Council. (KNN/ES)
Loading...
