Sunday, December 21, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Govt to double MSMEs in defence and aerospace sector

Fiinews by Fiinews
February 9, 2021
in Investment, Manufacturing
Reading Time: 3 mins read
A A
0
Aero india 2021
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Boeing-Lockheed Martins work with MSMEs

The Government aims to double the number of MSMEs to 16,000 in defence and aerospace sector in the next five years from 8,000 MSMEs as these are the backbone of the industry, Defence Secretary Dr. Ajay Kumar has told an international conference held in Bengaluru.

Also, the Government has mandated that any procurement of up to Rs.100 crores will be reserved from Indian MSMEs, he said at the International Conference on Critical and Strategic Materials in Aerospace and Defence at Aero India held 3-5 Feb 2021. It was organised by PHD Chamber of Commerce and Industry’s Defence and HLS Committee.

The MSMEs manufacturing capabilities are also being developed by Lockheed Martin under different programs with its Indian partner TATA, Wiliam Blair, VP & CEO, Lockheed Martin India, shared with the conference.

Boeing, being one of the global corporation, sources US$1 billion worth of items from different suppliers in India, 26% of which is from MSMEs, Ashwani Bhargava, Director-Supplier Management, Boeing India International told the conference.

He suggested solving the problem of producing raw material at controlled price and also being able to supply for Global requirements at controlled price and of desired quality.

But India needs to master the manufacturing technology in order to become self-reliant and “the Government is very serious about developing the capabilities for the materials within the country”, assured Dr. Satheesh Reddy, Chairman, DRDO.

Self-reliance is a major corner-stone on which the military capability of any nation rests, added PHDCCI President Sanjay Aggarwal.

Accordingly, the Defence Acquisition Policy promulgated by the Government, aims at achieving substantive self-reliance in the design, development and production of equipment, weapon systems, platforms required for defence in as early a time frame possible, creating conditions conducive for private industry to play an active role in this endeavor; enhancing potential of SMEs in indigenization and broadening the defence R&D base of the country.

“As far as the indigenization is concerned, we have to take the first steps first where we have the in-house capability to manufacture the materials, components and assemblies,” said Aggarwal.

Strategic materials are increasingly important to the development of a nation in general and its security in particular. He urged that a considerable part of the defence capex budget should be reserved for indigenous manufacturers.

M K Gupta, Chair, Defence & HLS Committee, PHD Chamber, had set the tone for the Conference by sharing the various issues on the critical and strategic material requirements by the Indian and the global OEMs.

He urged the Defence Ministry to take up the various issues such as the restriction in the use of indigenously developed materials in foreign designed defence equipment, certification of defence equipment manufactured with indigenously developed materials, lack of adequate testing facilities for critical materials for defence applications and other key issues. #manufacturing #investment #procurement #material /fiinews.com

Tags: Ministry of DefencePHDCCI
ShareTweetShare

Related Posts

PIB
Manufacturing

Manufacturing: TDB supports Sodium-Ion project

by Fiinews
December 21, 2025
0
13

Advanced materials critical for energy storage systems, says Pathak The Technology Development Board (TDB), Department of Science & Technology (DST),...

Aarti industries logo
Manufacturing

Manufacturing: AIL secure Methanol-Toluene supply

by Fiinews
December 20, 2025
0
12

Kotecha’s strategy is to secure reliable access to critical feedstocks Aarti Industries Limited (AIL), a leading Indian speciality chemicals company,...

Gigabyte

Manufacturing: GIGABYTE starts production in India

December 19, 2025
12
Thales

Manufacturing: SFO secure contract from Thales

December 18, 2025
47
PIB

Manufacturing: Railways produced 4,224 LHB coaches

December 15, 2025
14
RSystems

Invest: Novigo becomes R Systems subsidiary

December 14, 2025
12
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tender: Rail network to improve in suburb Mumbai
  • Manufacturing: TDB supports Sodium-Ion project
  • Export: JTIC to strengthen bilateral trade
  • Tenders: NPG evaluates 7 rail-1 road projects
  • Market: Singapore has long-term intent on India

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.