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Live Your Dreams: Make use of the Defence Opportunities and Participate in the Make-in-India Initiative

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Make in India initiative drives opportunity for Industrial Equipment Suppliers. – PowerPoint PPT presentation

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Title: Live Your Dreams: Make use of the Defence Opportunities and Participate in the Make-in-India Initiative


1
Live your Dreams Make use of the Defence
Opportunities and Participate in the
Make-in-India Initiative
www.theengineeringportal.in Call Us 9156044824
2
  • India is one of the biggest importers of defence
    equipment and the budget for 2017-18 is a
    whopping INR 3.6 lakh crore. With the defence
    sector looking to make the most of the Make-in
    India campaign, it is focusing on manufacturing,
    research and development in the Indian market.
    This will improve the procurement process
    efficiently, promote growth of the defence
    industry, increase indigenous strategies and
    boost competitiveness. Keeping this in mind, the
    defence sector has opened avenues for start-ups,
    Industrial equipment suppliers, small medium
    organizations and IT companies.

www.theengineeringportal.in / Call Us
9156044824
3
  • The Defence Procurement Procedure or DPP is
    strongly advocating the Make in India campaign
    and therefore has provided the Indian defence
    enterprises with simple procedures to do business
    easily. The DPP 2016, gives highest priority to
    bidders that qualify in the Buy Indigenously
    Designed, Developed and Manufactured (IDDM)
    category. This category comprises of products
    that have been designed indigenously, developed
    and manufactured by Indian industrial equipment
    suppliers.

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9156044824
4
  • The DPP 2016 also imposed offset obligations to
    foreign vendors. According to this, a foreign
    vendor will have to purchase products or services
    manufactured by an Indian company, enter in joint
    ventures with Indian partners, and invest in kind
    through the transfer of technology. This will not
    only boost the capability of domestic defence
    companies but also generate employment. In
    addition, offset obligations also allows Indian
    organizations to gain access to foreign defence
    technologies.

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9156044824
5
  • A good example of this initiative is the joint
    venture of Boeing with Tata Advanced Systems. It
    has set up a plant in Hyderabad to manufacture
    fuselages and other equipment of Boeing AH-64
    Apache helicopter. Eventually this will become
    the only producer of AH-64 fuselages.
  • The Indian government is also leaving no stone
    unturned to develop and produce a
    fifth-generation fighter aircraft (FGFA) with
    Russia and get a full-scale transfer of
    technology and other related benefits.

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9156044824
6
  • Through this initiative, several Indian companies
    and industrial equipment suppliers are expected
    to start joint ventures with foreign
    manufacturers. Under the DPP 2016 micro, small
    and medium enterprises (MSMEs) have been given
    the first right to undertake projects. However,
    the estimated cost of prototype development
    should not be more than INR 10 crores in
    government funded projects and INR 3 crores for
    projects funded by industries. Along with this,
    simple guidelines for MSMEs have also been
    created to encourage them to participate in the
    Make-in India program.

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9156044824
7
  • In the recent years, several start-ups have
    created successful e-commerce and service related
    ventures, this Make in India campaign is sure to
    let them explore the defence sector too. The
    start-ups must ensure that they are not only
    responsible to manufacture equipment but also
    provide technical services maintenance,
    integration of information technology services,
    communication and navigation, repair and overhaul
    and other related services.

www.theengineeringportal.in / Call Us
9156044824
8
  • Although much has been said about DPP and Make-in
    India campaign, India is yet to achieve success
    in defence export sector. However, once Indian
    enterprises and Industrial equipment suppliers
    strike the right cord in manufacturing defence
    equipment, start-ups and MSMEs will get better
    avenues globally.

www.theengineeringportal.in / Call Us
9156044824
9
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