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ARTICLE · 13 JANUARY 2016

Defence Manufacturing In India In Present Policy Framework

Singhania & Partners LLP
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The Indian defence market presents an attractive and significant opportunity for Indian and foreign companies across the supply chain for the investment in the defence sector.

IndiaGovernment, Public Sector
Ravi Singhania
Ravi Singhania
Abhimeet Sinha
Abhimeet Sinha
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The Indian defence market presents an attractive and significant opportunity for Indian and foreign companies across the supply chain for the investment in the defence sector. As per FICCI-Centrum report, the market opportunity for private companies will grow 7 times from US$6bn in FY14 to US$41bn by FY22.1 The opening of the defence manufacturing sector for private participation has helped foreign original equipment manufacturers to enter into strategic partnerships with Indian companies and leverage the domestic markets allowing them to aim at global business.

The sector will witness strong growth over the next decade due to its current size, longevity, and competitive advantage for the investment in the Defence Manufacturing in India. Also, large and relatively low cost engineering, talent pool and comfort of western nations with India from a geo-political perspective provides umpteen opportunities.

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