news details |
|
|
| New policies to promote private players in defence sector: Antony | | | New Delhi | May 23
India has put in place policies to promote private players, especially foreign, participation in its defence sector that will enable technology transfers and setting up production units in the country.
"New policies to transform this (defence) sector by actively encouraging all players-whether private or public, Indian or foreign-to play a larger role in defence production through mutually beneficial partnerships, private investment and technology transfers have been put in place," Defence Minister A K Antony said in his message to the organisers of the Berlin Air Show.
Antony said overseas companies which "pro-actively" seek out industrial partners in India "will enjoy advantages in our expanding market" and welcomed the recent commitments made by some European partners to transfer technology to Indian partners and locate production in India.
Antony, who would leave for Germany on Sunday to attend the Air show besides meeting his German counterpart Franz Josef Jung, said strong industrial base, sophisticated Research and Development institutions and a huge domestic market have resulted in a fast growing aviation sector in India.
This provides new opportunities for cooperation and strategic alliances between domestic and international partners.
"India is harnessing its indigenously developed civilian space technologies as a key multiplier for development," Antony said.
During the Air Show, the "SARANG" team of Indian Air Force will give a scintillating display of aerobatics with their helicopters besides a performance by the Air Warriors Symphony Orchestra.
The Air Show provides an ideal platform for exploring business opportunities and joint ventures and a large number of Indian companies both public and private and Defence Organisations will showcase their defence related capabilities and products at the show.
The composite India Pavilion covering 1200 sq meters will witness the participation of five Defence Public Sector Undertakings -- HAL, BEML, BDL, BEL and Mishra Dhatu Nigam Limited (MIDHANI).
The Ordnance Factory Board (OFB), DRDO, ISRO and five private defence industries TATA group of companies, Larsen and Toubro, CADES, ACCORD Software and Systems, Saraswati Dynamics would also be participating.
This large participation was indicative of importance being attached to India which was also organising a seminar on "Opportunities in the Indian Defence Sector" on May 28.
Berlin Air Show is the oldest air show in the world dating back to 1909. India is participating in this air show as a Partner country for the first time in Defence sector.
Germany's Federal Chancellor Angela Merkel will open the Air Show on May 27. Antony will be part of the entourage during her 90-minute tour of the event.
Chief of Air Staff Air Chief Marshal Fali Homi Major, Defence Secretary Vijay Singh, Secretary Defence Production Pradeep Kumar. Minister of State for Defence Production Rao Inderjit Singh will also be attending the Berlin Air Show from May 28. |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
