Air Marshal S Sukumar, Deputy Chief of Air Staff said that MMRCA Deal Will Be Inked Within This Financial Year while speaking at Brochure Release of 8th International Conference on Energising Indian Aerospace Conference jointly organized by Confederation of Indian Industry, Indian Air Force & Centre for Air Power Studies at India Habitat Centre in New Delhi. He further said that the response to AVRO replacement RFP has been extended by two months. He also elaborated on the Air Force Plans for the larger involvement in the Electronics Warfare Systems and Weapons Programmes.
Mr HJ Kamath, member CII National Committee on Defence & Aerospace & CEO, Mahindra Telephonics said the effective implementation of such an offset policy can facilitate the absorption and indigenisation of foreign aeronautic technologies that accrue to the country by way of offset deals. There is a need to combine the strengths of the private and public sector to take advantage of the surging domestic demand and become self-reliant in the defence sector particularly. According to a report, there will be a $40 billion opportunity for the offshore engineering industry worldwide by 2020. India is expected to have a 2-3 per cent share in the aerospace offshored engineering service. This amounts to nearly USD 4 billion worth opportunities coming to India in the near future as far as offshore engineering industry is concerned.
Air Marshal Vinod Patney, Director, Centre for Air Power Studies said that we want Indian Aerospace industry to flourish. However, all the stakeholders should sit together to discuss priorities to arrive at a common blue print. We should also look into the R&D and technology which impacts all the fields.
Mr Anjan Das, Executive Director Confederation of Indian Industry said that we should take lessons from the success stories created in the non-strategic sector. These lessons will be useful in strengthening Indian defence & aerospace sector.