In a bid to build Aatmanirbhar Bharat, the government has stressed on ‘Make in India’ through ‘Vocal for Local’ campaign. Indigenous Defence Manufacturing looms large promisingly in India’s manufacturing horizon as the next big chapter in India’s manufacturing saga. Centre announced a ‘negative list’ involved a list of 101 defence items that are banned from being imported, marking India’s significant move towards becoming a self-sufficient defence manufacturing.
Curtailing erstwhile predominant imports in defence, Government has set out to award $53billion worth of defence contracts over the next six to seven years to Indian companies. There are opportunities galore for Indian manufacturers. But what must they need to do to capitalise on the opportunities? What level of manufacturing infrastructure must be built? What are the current challenges? How soon can they be overcome? Machine Maker will explore all such angles to this development in its weekly debate titled ‘Will Self Reliance in Defence open up opportunities for Indian suppliers?’ on 11 September 2020 (4 pm onwards).
The Debate Expert Panel would include SC Bajpai – Chairman & Director General (Retired), Ordinance Factory Board, Cmde Mukesh Bhargava, Co-Chairman – SIDM, Marine Systems Committee, Member of the Board L&T Defence, Ravi Raghavan Managing Director, Bharat Fritz Werner, Raaj Nair, Vice President – International Business &Govt Accounts, SSS Defence and Swathy Nair G S, Director Marketing, iAMPS& Hz Technology Solutions Pvt Ltd. The debate will be moderated by Hari Shanker, Managing Editor, Machine Maker and Dr Sanjeev Kumar Group Business Manager, Renishaw India.
It would primarily address topics such as India’s dependence on imports, how one can benefit from producing these components indigenously and challenges India would face during defence production. Panellists would also cover questions like – is 100% FDI equal to 100% opportunities or will it undermine the national security? Despite defence offset policy (30%) for the last 15 odd years, why we still import 70-75% of our budget and much more. This debate will be followed up by a highly engaging Q&A session.
To register or know more about the event, please visit the link: https://themachinemaker.com/events/webinar/friday-debate-110920#joinform
