Bangalore, India, September 25, 2014: India is a much bigger promising environment and is going to prove to be a key market in the near future, said Airbus India Chief Executive Officer Dr. Peter Gutsmiedl.
While delivering his keynote address on defence procurement policy at the two day conference – DEFTRONICS 2014, organised by the IESA, he said there should be level playing field for private and public sector and small size industries to ensure systematic growth of the industry sector. He felt that collaboration is the core element of development.
Tracing his long standing relationship with Indian companies, he said, cost efficiency, time schedule and other factors were also important to maintain credible image in the industry.
The total opportunity for Indian companies by 2025 would be USD 78 billion (Rs 470,000 crores), expressed DAC International Director and CEO D. A. Mohan. He said that the cumulative capital spending during the same period would be around Rs. 900 crores. The offset during the period would be USD 20 billion, he added in support of the fact that technology dependency adversely affects the value addition for a nation. The export from Indian industries would be around USD 8 billion (Rs. 50,000cr), he explained.
He said the new strategy for defense exports envisaged sale of military equipment to foreign nations. A defense export steering committee would be set up in three months to regulate weapon exports. Indian missions abroad would be asked to assist companies to assist in export of weapons to countries, he added.
Brahmos Aerospace founder, Dr. A. Sivathanu Pillai felt that time had come to integrate and evolve a good policy to enable the government to enlist participation by both private and public sector companies. There would be greater role for electronic products in near future, he observed.
CDot Director Vipin Tyagi observed that networks were becoming centres in strategic electronics. Video based decisions are gaining importance. Investment in India, which had abundant human resources and skill, had to be based on trust, he felt. He said technology will fall in line when hard work, partnership and trust are given due importance. Research and Development is required to be developed for a level playing field in local manufacturing, he added.
Col. H. S. Shankar, Chairman and Managing Director, Alpha Designs Technologies said, patience and perseverance are important factors to be a good industrialist. It is also important to know the customer in detail so that focussed attention could be given to develop relationships.
BEL General Manaager (Corporate Strategy) Vipin Katara called for a vibrant electronic system to create a cluster of ESDM sector. Foreign Direct Investment could augment defence production more positively, he felt.
While speaking about FDI, Ankur Kanagleka, Strategic Partnerships Director, Boeing International suggested that investment opportunities should help both stakeholders and consumers here.