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

Make in India initiative drives opportunity for Industrial Equipment Suppliers.

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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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  1. Live your Dreams Make use of the Defence Opportunities and Participate in the Make-in-IndiaInitiative 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. www.theengineeringportal.in / Call Us : 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. www.theengineeringportal.in / Call Us : 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. www.theengineeringportal.in / Call Us : 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. www.theengineeringportal.in / Call Us : 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. Contact Details admin@theengineeringportal.in www.theengineeringportal.in +91 9156044824 / 0231 2620003 : https://twitter.com/engineeringall :https://www.pinterest.com/engineeringall/ :https://www.facebook.com/theengineeringportal :https://plus.google.com/+TheengineeringportalInweb

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