Amit Kalyani, Deputy MD at Bharat Forge, part of Kalyani Group, said in certain product categories, like artillery guns, and ammunition, India can become a big exporter.
The US brought its most advanced fighter jet, the F-35, to India for the first time at the week-long Aero India show in Bengaluru alongside F-16s, Super Hornets and B-1B bombers.
Armed forces will have to prioritise Indian entities when placing orders for procurement. Move will strengthen security grid & bolster economy, said defence minister Rajnath Singh.
While addressing the curtain raiser of 'Aero India' 2023, Singh said that over 75 friendly countries and 700 exhibitors will be part of the Aero-India Show.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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