Bengaluru:Expo aimed at creating vibrant industrial base held

Bengaluru, Dec 11 (IANS) Aimed at creating a vibrant industrial base with focus on private industry, National Small Industries Corporation (NSIC) on Thursday held the fourth edition of MSME DEFEXPO 2015.

“India, till recent past, relied heavily on the foreign manufacturers for the procurement of defense related equipment. However, there was always, a need for self-reliance,” said Kalraj Mishra, union minister for MSMEs, in a statement.

“Our focus now is on enabling SME sector for the supply of equipment, machineries and general consumables, adding SMEs in the supply chain of high technology products and services related to defense sector, as SMEs are real component of indigenization,” added Mishra.

The expo facilitated linkages between MSMEs and large global defence equipment suppliers and producers.

Nearly 200 MSMEs and global giants, including Boeing, Airbus, Honewell and Zen Air Defence Canada participated in the expo.

According to the statement, Indian aerospace and defence expenditure on capital acquisition is estimated to reach around $120-150 billion in the next 10 years.

MSME DEFEXPO 2015 was designed from Prime Minister Narendra Modi’s pet project ‘Make in India’ initiative point of view.

By next decade, India aims to double its defence equipment procurement value to 75 percent through Indian vendors, the statement added.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here