ORDER - INDIA MARKET REPORT

The Government of India has introduced a series of reforms to the Indian defence procurement and acquisition policies and procedures which started in 2005. The reforms were aimed at increasing transparency and ensuring accountability in the defence acquisition and procurement process. One of the other key elements of the reform was to allow the private sector to participate in the defence process with the objective of creating a healthy partnership between the public and private sector to enhance and provide a sustainable defence capability base within India.

The introduction of Defence Offsets within the Defence Procurement Procedures in 2006 was a major change which has now become a significant element of the defence acquisition plan and together with the earlier reforms has created a challenging environment for both International and local Indian companies looking to capitalise on the planned defence expenditure by India.

Q-Tech Synergy and Tri Polus Ltd are international business consulting organisations within the defence and aerospace sectors with a specialisation in India. They have joined forces to offer a comprehensive “Market Report on Emerging Opportunities in Indian Defence Acquisition”.

The report analyses the Indian defence industry, taking into perspective the growth of the Indian economy and current market dynamics. The Indian defence Industry with its own captive market has a strategic and technological edge in the developing world. The Indian Ministry of Defence (MoD) is determined to build a domestic defence industry and is looking for successful tie-ups with major manufacturers to become a significant player in the international market. The changes in defence acquisition policies and procedures, such as partnerships between public sector and selected industry leaders from the private sector; receiving technology and undertaking license production with Transfer of Technology (TOT) from overseas sources, are just are some of the healthy signs which are enhancing defence capability and creating a sustainable defence industrial base in India. The process is expected to be competitive, fair and transparent, providing best value for money to the Indian Armed Forces, while providing the Indian defence industry an opportunity to grow.