INDIGENOUS CAPABILITIES

THE INDIAN AEROSPACE AND DEFENCE MARKET PRESENTS AN ATTRACTIVE AND SIGNIFICANT OPPORTUNITY FOR INDIAN AND FOREIGN COMPANIES ACROSS THE SUPPLY CHAIN.

- LITTLE YADAV

WITH THE MANTRA OF VOCAL FOR LOCAL, THE government is seeking to offer as many components for manufacturing to the Indian companies - mainly SMEs and MSMEs. The government has been pushing for Make in India for almost all sectors to boost the country’s manufacturing capabilities. But the question here is how easy is it going to be to source worldclass components in India?

India is one of the fastest-growing economies in the world and offers enormous growth and productivity opportunities. The government’s efforts to promote ‘vocal for local’ is a reflection of India’s renewed focus on self-reliance or ‘Atmanirbhar Bharat’. As the country moves in this direction, co-development and comanufacturing programmes can offer an impetus to catapult India’s goal of self-reliance in the aerospace and defence sector. Several companies continue to grow a globally competitive supplier base in India, with strong partnerships that are aligned with the government’s vision of an Aatmanirbhar Bharat.

Most companies are of the view that ‘Vocal for Local’ campaign is certainly a welcome step and will give confidence to the industry to participate in IDDM (Indigenously design, develop and manufacture). The Indian public and private industry will focus on building further capabilities to strengthen the offerings including the defence sector. These indigenized developments will bolster the defence logistics industry. Now with more clarity on the restricted items, the industry will focus on specific products development. This will also allow suppliers to participate with OEM’s in development and growth.