We see tremendous strength and opportunity in India’s defence industry ‒ both private and public. We are always looking for strategic Indian industry partners across the country ─ Indian companies of all sizes, including Micro, Small & Medium Enterprises (MSMEs) and suppliers throughout India ─ to collaborate and explore security solutions unique to India.
Public-private partnerships are indeed a key part of building strategic, long-term international defence partnerships that benefit multiple stakeholders. For example, we signed a Certificate of Partnership earlier this year with BEML, one of India’s leading public sector companies, to explore aerospace collaboration opportunities in India. As you may know, BEML has designed and developed ground support equipment for India’s LCA ‘Tejas’ fighter programme.
In addition to India’s highly-capable public sector companies, many private Indian companies have entered the aerospace and defence arena, which will continue to drive innovation and broaden the array of capabilities across India’s defence-industrial ecosystem. We’re very excited by the incredible potential we see in India.
Despite several amendments and revisions, the defence procurement procedure remains work in progress. From an OEM’s perspective, what modifications does it need to deliver on its promise of building a robust defence-industrial complex in India?