● International Trade
Apex industry body ASSOCHAM sent a 50-member strong delegation representing Indian defence industry for participation in EUROSATORY 2018, one of world's largest aerospace and defence show being held in Paris between June 11-15,2018.
"The Indian contingent highlights India's capabilities in terms of defence manufacturing and it is expected to interact with the official delegations of about 30 countries which would lead to meaningful joint ventures and MoUs (Memorandum of Understanding) between domestic and global defence companies," said Mr. Sandeep Jajodia, President, ASSOCHAM.
Tata Advanced Materials, Bharat Forge Ltd., MKU Ltd., SMPP Ltd., Vihan Networks Ltd, Texmaco Defence Systems Private Ltd., Max Aerospace & Aviation Private Ltd., Tonbo Imaging India Private Ltd. were of the key companies that were of ASSOCHAM delegation at EUROSATORY, the world's leading international land and air defence and securi ty exhibition.
Some of these companies bagged significant business contracts, be it getting substantial order fornew bulletproof jackets from Indian Defence Ministry or receiving a $100 million contract with Peruvian Army for manufacturing and exporting night vision sights for armies weapon.
Mr. R. R. Thakur, OSD & Director-Offsets, Ministry of Defence, Government of India made a presentation on 'Defence Offset: India Opportunity'.
The India Pavilion saw significant number of potential buyers visiting it during five days of the mega show, with many business enquiries being generated which would materialize into orders in the near future.
"Ease of doing business coupled with many significant policy reforms in the last four years including the Stra tegic Partnership Policy, Draft Defence Production Policy and others provide requisite eco-system for India to achieve the stated objective of credible Defence Industrial Base in the country", said Mr. D. S. Rawat, Secretary General, ASSOCHAM.
H. E. Mr. Vinay Mohan Kwatra, Ambassador, Embassy of India, Paris, France along with the Co-chairman, A550CHAM National Council on Aerospace & Defence, Mr. Neeraj Gupta at the MKU Booth at the EUR05ATORY 2018.
Mr. R. R. Thakur, 050 & Director, Ministry of Defence, Government of India making the presentation on Defence Offset: India Opportunities at the EUR05ATORY 2018 Paris, France.