Bengaluru: The Ministry of Defence is organising a CEOs Round Table on February 13, the inaugural day of the 14th edition of Aero India 2023, which would be chaired by Defence Minister Rajnath Singh. The biennial airshow would be held at the Air Force Station at Yelahanka here from February 13-17.
The platform with the theme "Sky is not the limit: Opportunities beyond boundaries" is expected to lay the foundation for a more robust interaction between the industry partners and government with an eye on bolstering the "Make in India" campaign. It is further expected to increase ease of doing business in India and also provide OEMs a favourable platform for manufacturing in India, an official release said.
The Round Table would see participation of officials, delegates and global CEOs from 26 countries including global investors such as Boeing, Lockheed, Israel Aerospace Industries, General Atomics, Liebherr Group, Raytheon Technologies, Safran, and General Authority of Military Industries (GAMI) among others.
Domestic PSUs like Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Bharat Dynamics Limited (BDL), BEML Limited and Mishra Dhatu Nigam Limited would also participate in the Round Table. Private defence and aerospace manufacturing companies from India such as Larsen & Toubro, Bharat Forge, Dynamatic Technologies, BrahMos Aerospace are also likely to be part of the event, the release said.
This would engage industries for co-development and co-production to make India a commercial manufacturing hub and base for global product support. It would explore Indian and global markets, create opportunities for industries to not just Make in India, but Make in India for the world.
India has the third largest military in the world and the government plans to spend USD 130 billion for fleet modernisation over the next 5-7 years, officials said, adding that a series of policy initiatives have been taken by the government to boost "self-reliance" in the Indian defence manufacturing eco system.
According to officials, "Aero India has carved a niche for itself globally as one of the premier aerospace exhibitions with 13 successful editions organised in Bengaluru since 1996. Aerospace and defence exhibition will be held in an area of around 35,000 sqm, for which a total of 731 exhibitors have registered. Out of whom, 633 are Indian and 98 are foreign."
The five-day event to be inaugurated by Prime Minister Narendra Modi would include aerial displays by aircraft along with a large exhibition and trade fair of aerospace companies. This year, the exhibition is expected to be the biggest airshow with the highest rate of participation and would feature top international think-tanks, major aerospace companies and world leaders.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)