Aero India-2017: Foreign firms to chase Make in India goals at air show

Top military contractors from countries across the world have firmed up plans to tap new business opportunities under the Modi government’s Make in India initiative at the Aero India-2017, Asia’s biggest air show that opens in the outskirts of Bengaluru on Tuesday.

The five-day event will see firms from Russia, Europe, Israel and the United States – among others – hardselling their latest armament technologies to India in the hope of partnering with indigenous companies for setting up manufacturing bases that would cater to the military’s future requirements.

The Make in India plan seeks to cut the country’s dependence on imported weapons and position the country as a hub of defence manufacturing.

India signed 51 contracts valued at Rs 1.16 lakh crore with foreign vendors for buying weapons and equipment, compared to 90 deals worth Rs 83,344 crore inked with Indian suppliers, in the last three years. Read More…

Credit By :

You may also read!

SpiceJet to Operate Mangaluru-Delhi Direct Flights from August 4

SpiceJet will operate direct flights to New Delhi from the Mangaluru International Airport (MIA) here from August 4. Direct flight


Russia’s Su-57 Stealth Fighter Could Fly for India. Here’s Why.

As Moscow moves to mass-produce the Su-57 in much larger quantities than previously expected, the Indian Air Force (IAF)


Elbit Systems Pitches For Lockheed Martin F-21 Jet Project In India

Israeli Elbit Systems participated in Lockheed Martin suppliers’ conference held as part of its for F-21 jet Project pitch


Leave a reply:

Mobile Sliding Menu