Lewes, DE -- (SBWIRE) -- 02/18/2015 -- With the Indian Prime Minister appeal of "Make in India"policy , it would be worthwhile to see how the global defence majors react to it.

In the biennial 5 day Aero India 2015 event, around 330 foreign companies and 270 Indian companies would be present to showcase their portfolio and might in the Aero/defence segment.

The show has transformed itself to be a major attraction for armament giants since 1996. The exhibitors would show their strength and competency to the world's largest importer who is looking forward to have deals closed worth USD 60 billion.

India plans to shell out another USD 120 billion in arms procurement in the next decade, considering the shortage and upgradation of helicopters, fighter planes, submarines and artillery for the 1.5 million armed force contingent.

Indian Air Force itself would require about USD 35 billion to build its air combat prowess and introduction of various new and advanced fighters & helicopters, mid air refuellers & transport planes, spy & combat drones and advanced missiles & radars.

India has the 3rd largest armed force in the world, 40% of its budget is spent on capital acquisitions and more than 60% of the requirements are met by imports.

For India, currently there is an opportunity to avail the defence offset obligation of approx. INR 250 billion during next 7-8 years.

Majors in this segment of the likes of Boeing, Airbus, Lockheed Martin , BAE systems, Israeli Aerospace and Dassault aviation would be lined up to showcase their might .They will have their fighter planes and helicopters for display as well to showcase their flying competencies.

The majority of the participating companies would be from USA represented by 64 companies, France having 58 companies and then followed by UK with 48 companies, Russia (41),Israel(25) and Germany with 17 participants.

With the major thrust being on the "Make in India policy", a defence manufacturing investors summit and Global CEO's conference would be held for the first time to focus and discuss with the key stakeholders on making India self reliant in its defence production.

About 150 CEO's from the foreign and domestic delegation have been invited to discuss the "Make in India" policy. This conference will also be attended by Ministerial / defence heads & military chiefs and other dignitaries of the level of Secretary level delegations representing several countries across the globe.

It would be notable to see how the government translates this opportunity to build a strong domestic defence industrial base. There has aready been a hike in the FDI cap to 49% in the defence sector, but it's yet to attract the global arms companies to set up its base in India.

The Indian armed forces is also looking forward to have more than 1,000 helicopters of various types in the next 15 years, most of which will nowon be manufactured in India with the assistance of foreign collaboration.

Indian private companies are also now considering a tie-up with global arms firms and are planning to enter the defence production. The Indian government is working toomit the hindrances for arms exports and is in the process of simplifying the complicated 'Make in India' procedure for indigenous R&D, development and production of arms.

This procedure will include the government funding the 80% of the development cost of the arms and weapons prototypes, with the rest 20% being funded by the industry for the projects having longer gestation period and high technological risk projects.

It has also been proposed that the funding may also go upto 100% if the MSME are also being involved in the manufacturing process.

More than 150,000 business visitors and 300,000 general visitors are expected in this Aero India 2015 show.

This AeroIndia 2015 would be a major attraction for all the global Defence and Aerospace industry.

Few of the major companies participating as foreign Investors are AE India Systems (UK) , Pilatus (Switzerland) , Lockheed Martin (USA) , Finmeccanica (Italy) , Boeing India (USA) , Raytheon (USA) , MBDA (France) , Raffel (France) , IAI (Israel) , Rafael (Israel).

For further information on this blog, please visit- http://mrr.cm/4Sb

Few of the related reports on the Defence Industry in India are as follows:

1st- Opportunity in the Indian Defence Market – 2014: visit at- http://www.marketresearchreports.com/feedback-business-consulting-services-pvt-ltd/opportunity-indian-defence-market-2014

2nd- Indian defence sector – Market overview, spend analysis, imports, segmentation, key players and opportunity analysis : visit at- http://mrr.cm/43Q

3rd- India Defence and Security Report Q1 2015: visit at- http://www.marketresearchreports.com/business-monitor-international/india-defence-and-security-report-q1-2015

For any market research related report related to Defence markets, please feel free to contact us.

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