The government has established two defence corridors in Uttar Pradesh and Tamil Nadu which will focus on the development of indigenous manufacturing capabilities. These corridors are building blocks for global investors and innovators to participate in building a robust defence manufacturing cluster.
The Ministry of Defence has set a target of achieving a turnover of Rs 1.75 lakh crore in aerospace and defence goods and services by 2024, including exports of Rs 35,000 crore. Further, under the ‘Make in India’ scheme, the Centre has notified three categories of projects — Make I (government-funded), Make II (prototype development of equipment/system/ platform or their upgrades), Make III (collaboration with foreign equipment manufacturers for production in India).
The government has taken major reforms, opening Indian defence for the global aerospace and defence industry to invest in India and contribute in realising the dream of ‘Make in India, Make for the World’ envisioned by Prime Minister Narendra Modi. Industry leaders need to focus on transfer of technology through joint ventures and collaborate with the global OEMs on building advanced capabilities to realise the country’s true potential in defence sector. To develop capabilities and unlock the immense potential, the industry needs to focus on Research and Development and develop the linkages among the industries to create an ecosystem.
FE Defence & Aerospace Conclave 2022 will raise critical issues on technology transfer for mega projects, and policy thrust on R&D for India to be the global hub of aerospace and defence. FE Defence and Aerospace Conclave 2022 will set forth debate and discussions for building defence capabilities and the opportunities and the challenges towards a robust defence industrial ecosystem.