1. Aero India to focus on Make in India

Aero India to focus on Make in India

India is expected to spend $120 bn in arms acquisitions over the coming decade, with its 1.5-m strong armed forces still grappling with operational gaps

By: | New Delhi | Published: February 11, 2015 12:04 AM

Bolstering the Make in India theme in defence manufacturing, Aero India-2015 — the 10th international edition of the aerospace and aviation exhibition at Bengaluru from February 18-22 — will also include sectors like defence manufacturing and airport infrastructure besides aerospace, defence and civil aviation.

Describing the biennial event organised by Defence Exhibition Organisation (DEO) under the aegis of the ministry of defence as one of the largest premium airshows in Asia, secretary of defence production, G Mohan Kumar outlined the impetus of the Make in India initiative during the forthcoming edition of the event. “We want to set Make in India as the major theme of the exhibition and see progress in the defence sector,” Kumar said at a curtain raiser for Aero India 2015 in New Delhi on Tuesday.

“Towards this, the defence manufacturing investors’ summit and global CEOs conference will be held for the first time. Around 150 CEOs each from foreign and domestic industries have been invited. At least five defence ministers and six military chiefs among the over 60 official delegates from abroad will also be there,” he added.

PM Narendra Modi will inaugurate the premium air show. Besides 54 ministerial and other high-level delegations from several countries that are slated to attend the inaugural event, the exhibition will also see participation by over 600 companies, including 295 Indian and 328 foreign companies.

India is expected to spend $120 billion in arms acquisitions over the coming decade, with its 1.5-million strong armed forces still grappling with several operational gaps ranging from fighters and helicopters to artillery and submarines.

Indian private companies, many of whom are tying up with global arms firms, are also keen to enter defence production. The government, on its part, is working to remove bottlenecks for arms exports as well as streamlining the complicated ‘Make’ procedure for indigenous R&D, development and production of weapon systems.

About 600 companies, across defence production, software and services, are participating in Aero India 2015 with a renewed hope of generating business.

Many global aerospace giants like the Boeing Company, Airbus Group, Dassault Aviation, Lockheed Martin and United Technologies Corporation have been scouring the Indian markets, looking for companies they can forge partnerships with.

A BAE Systems team is pushing for a decision on the stalled sale of 144 Howitzers (light guns) to the Indian Army. The company has offered to shift the assembly line (used to make the guns) from the US to India. They have also appointed HDFC group chairman Deepak Parekh as non-executive director and chairman of BAE Systems India.

With 64 companies, US is the leading participant in the exhibition among 33 other countries participating. Others major participants include France (58), UK (48), Russia (41), Israel (25) and Germany (17).

Business-to-business (B2B) and round-table meetings of Indian companies with those of Israel, UK and Poland will also be held at the event. Heads and senior representatives from the Indian Armed Forces and Paramilitary Forces besides Service Chiefs from nine foreign countries are also among those attending the event.

For the first time few states who want to be partners in defence production and are keen to set up defence-related industry and SEZz are also participating in the exhibition. These include Karnataka, Gujarat and Andhra Pradesh.

Speakers from leading Indian Defence Industries including Tata, Mahindra, L&T, Adani, Bharat Forge and Presidents’ of leading Indian Business Chambers (CII, FICCI, ASSOCHAM and PHD) will also share their vision on defence manufacturing in India.

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  1. H
    Harry Potter
    Feb 27, 2015 at 3:28 pm
    At LnT, the top-bres (schizophrenic Egyptian Mummies) have displa geriatric trait of biting more than they can chew and digest. Dear Investors/Analysts - Watch Out! LnT top-bres were on selling spree, leading the pack Chairman Mr Naik sold his LnT shares (Rs 1200 apiece) worth 70 crores in 20 days - March 2014. Post Q1-2014 results LnT plunged by 8 %, biggest intraday decline since July 2009. Hydrocarbon subsidiary suffered losses of 900 crores, sans stake at Dhamra Port (2500 crores) LnT would have posted losses. Modi /Market euphoria saved LnT going below Rs 1300 during q2, a striking closed range of 1200 of March 2014. Part stakes at LnT Inra sold to Canadian FII - (2000 crores), expecting VGF (Viability Gap Funding) of 3000 crores Hyderabad Metro project. Stake or post losses, Deep Sea or devil? Post Q2 results LnT share plummeted from high of 1673 to low of 1450 (17 Dec, 2014). Post Q3 results another big intra-day fall of 7.44 % and no wonder a 52 week low of 900 post Q4 results?------------------------------------------------------------Expensive CXO Maha Kumbh Mela at LnT - what is the number of CEOs at LnT and all its subsidiaries (138), their CTC? How far higher, this is to manage LnT group revenues of $14 bln than Mr Sikka (aged 46) of Infosys highest paid professional CEO (Rs 30 cr) in India, entrusted with business worth $ 8 bln in revenues. At LnT, just Chairman Mr Naik (aged 72) and group CEO Mr Vankatramanan are pegged at 21 and 14 crores. Information Age leaders, top-man of TATA group, Infosys, Microsoft are in their 40s, why this super 70s at LnT? Chairman Mr Naik’s jaw-dropping musings on succession – QUOTE- You find a man in the world who will kill himself four times a day, has worked for more than a hundred years-- There is no such person.-- None of us here (at senior level) are working for money -UNQUOTE. Please refer ToI article – Vibrant Gujarat summit Day 1: 25 private jets bring high-flyers. Excerpts – Cabinet ministers arrived via scheduled flights -- private jet of AM Naik left immediately after arriving –. Biggest shareholders at LnT are state owned LIC/UTI. To restore Insutional Integrity at LnT, PM Mr Modi should intervene to fix retirement age at L&T to 60 - ASAP!---------------------------------------------Like BCCI, L&T is no less cozy club, an Old-Men club enjoying Fire Proof jobs and stratospheric compensation. Any CXO/MD level official ever got fired in last 5/10 years or resigned on morals grounds at L&T? Please refer TOI article – whistleblower was right: CBI. Excerpts –Golden Quadrilateral Project--M/s L&T had misrepresented the facts. BS Article – Rajya Sabha nods for whistle blowers bill. Excerpts– sacrifice of Satyendra Dubey, an Indian Engineering Service officer who was killed after he tried to reveal corruption in the Golden Quadrilatera-. Please refer International Business Times article – $100 Million Sought as New Discrimination, Immigration Violations Complaint Filed against L&T. Please refer ET article – World Bank bars L&T for 6 months over forgery. ---------------------------------Biggest shareholders at L&T are state owned LIC/UTI. To restore Insutional Integrity at L&T, PM Mr Modi should intervene to fix retirement age at L&T to 60 - ASAP.
    Reply
    1. H
      Harry Potter
      Feb 11, 2015 at 2:33 pm
      At L&T, the top-bres (schizophrenic Egyptian Mummies) have displa geriatric trait of biting more than they can chew and digest. Dear Investors/Analysts - Watch Out! L&T top-bres were on selling spree, leading the pack Chairman Mr Naik sold his L&T shares (Rs 1200 apiece) worth 70 crores in 20 days - March 2014. Post Q1-2014 results L&T plunged by 8 %, biggest intraday decline since July 2009. Hydrocarbon subsidiary suffered losses of 900 crores, sans stake at Dhamra Port (2500 crores) L&T would have posted losses. Modi /Market euphoria saved L&T going below Rs 1300 during q2, a striking closed range of 1200 of March 2014. Part stakes at L&T Inra sold to Canadian FII - (2000 crores), expecting VGF (Viability Gap Funding) of 3000 crores Hyderabad Metro project. Stake or post losses, Deep Sea or devil? Post Q2 results L&T share plummeted from high of 1673 to low of 1450 (17 Dec, 2014). Post Q3 results another big intra-day fall of 7.44 % and no wonder a 52 week low of 900 by Feb end? Can any power on face of earth and in skies save LnT from plunging to Five Year Low of 600, post Q4 results??
      Reply

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