Wave of optimism is sweeping home-grown small and medium enterprises (SMEs) associated with the Indian defence sector. The government’s Make in India initiative and particularly its defence offset policy has come as a shot in the arm for a number of SMEs that have gained from the rule requiring global defence suppliers to invest 30 per cent of the equipment deal amount in the Indian market by way of local sourcing. SMEs such as Noida-based Samtel Avionics, Kanpur-based MKU and Bangalore-based SI2 Microsystems, among others, have seen their order books swell as a result.
Now, all eyes are on the much-delayed Defence Procurement Policy 2015 (DPP 2015), which is expected to unleash the next wave of local manufacturing to meet the growing demand of the Indian armed forces.
Take Bangalore-based SI2 Microsystems, for instance. After a subdued couple couple of years owing to the global slowdown, when demand from the local industry kept it going, the company is now betting on DPP 2015 to change its fortunes. “We expect key projects from Hindustan Aeronautics (HAL) for indigenisation of sub-systems for the MIG and Sukoi aircraft and more projects from MBDA Missile Systems (France) in the missile testing area. Our current order book is nearly Rs 30 crore, but we expect healthy growth over the next two years,” says Sanjay Soni, president, SI2 Microsystems. Besides, the Indian Space Research Organisation (ISRO), Defence Research and Development Organisation (DRDO), Bharat Electronics (BEL), HAL and the Indian Air Force, SI2 Microsystems also works for MBDA Missile Systems, ELISRA, Stratasys, Sicon Tech (Israel) and Analog Devices (US), among others.
هذه القصة مأخوذة من طبعة September 21, 2015 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 21, 2015 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
