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With the Indian Defence Ministry's (multi-billion dollar) deal to procure 126 combat aircraft entering the last mile and an attractive offset policy which mandates ploughing back 30 per cent of the deal to the country, the opportunities for SMEs and MSMEs to be part of indigenisation of India's Defence and Aerospace seem huge.
To highlight this opportunity, Amrita's ACE – Amrita Center for Entrepreneurship is planning to organise an international seminar on ‘Role of SMEs in Defence and Aerospace' on January 23 at Coimbatore.
The seminar is being organised in association with the Society of Indian Aerospace Technologies and Industries (SIATI) and is supported by Codissia, the apex body of small industries here.
Expenditure
Industry experts estimate defence expenditure at around $100 billion over the next 5-10 years.
The offset business is expected to flow to SMEs through tier 1 and 2 vendors of global OEMs.
Senior officials from the Army, navy and air force are expected to participate in this seminar to give more clarity on DPP (Defence Procurement Procedure) and Offset policy.
Representatives from EADS (one of the two shortlisted bidders in combat aircraft), Deloitte and HAL would also participate in this seminar, states a release from Amrita ACE.
The organisers are also planning B2B sessions for those interested in pursuing opportunities.
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