The second day of the MSME DEFEXPO 2015 organized by the National Small Industries Corporation, Government of India witnessed discussions and engagements on the different aspects of the Indian Defense Offset. Challenges, opportunities and solutions of this particular paradigm was presented and debated over by significant dignitaries from various institutions and companies’ like-Boeing, Ernst & Young, and Tata Technologies to name a few.
Building on our Honorable Prime Minister-Shri Narendra Modi’s initiative of making offset policy a tool to acquire state-of-the-art technology and skills, this event saw the conglomeration of various companies and influencers who elucidated further on the same and apprised the vision of facilitating “Make in India” in Defence sector.
The session started with a conference on Defence Offsets: Opportunities, Challenges & Solutions for MSMEs. The speakers for this session were -Dr. Milind Pimprikar, Founder & Chairman CANEUS International and Colonel K.V Kuber, Indian army Veteran, Independent Consultant, Aerospace and Defence, who highlighted the pressing need to deal with the challenges obstructing all stakeholders of the MSME industry from exploring the full potential of defense offsets for the Indian MSME sector through focused and timely solutions/mechanisms.
In India, all contracts above $65 million require 30 per cent of offset. Indian firms and joint ventures are exempted from offset obligations provided the indigenous content is over 50 per cent. India also accepts subcontracting in outsourced services, such as engineering and R&D.
“We have built the Offset-enabled India Innovation Acceleration Fund Model to engage the Original Equipment Manufacturing (OEM’s) and the Indian MSME’s to encourage the development of India’s Aerospace. The Defence Budget can best be utilized best when other synergistic sectors like, Internal Security (Ministry of Homeland), Civil Aviation, the Ministry of MSME, and Skill Development synergize,” said Dr. Pimprikar.
Speaking at the occasion about the Original EM’s: Success Examples and Challenges were Mr. Ankur Kanaglekar, Country Manager, Industrial Participation and Strategic Partnerships, Boeing Defense, Space & Security, India; Dr. Prakash Chandra Patnaik, Principal Research Scientist & Head, Air Defence Systems Program, Government of Canada and Mr. David Kenyan, FICCI, Vice-Chairman and Managing Partner.
The symposium explained how offset can be a great catalyst for the industry and how it can be rightly optimized to create more opportunities for enterprises and suppliers. The speakers stressed on how technology can be further utilized to create value for the supply chain as the Indian MSME industry has great potential. Further to this, encouraging increased participation
from the supply chains, the speakers also stressed on the significance of the government’s offset policy and that a lot more effort needs to be invested to ensure that it can benefit all stakeholders in the MSME industry.
“As a company, we are willing to cooperate with the MSME industries and help them overcome the challenges they face. We are open to creating at an IT-enabled plant and are also interested in designing and building programs. We strongly encourage participation from the entire private sector and through our ‘Innovation Cell’ would be delighted to collaborate with other organisations on new ideas,” said Parag Karkhanis, Senior Manager, Strategic Client Acquisition, Middle East and Asia-Tata Technologies Limited while speaking on the session of ‘Indian Companies: Success, Examples and Challenges’. Another distinguished panelist during this session was Mr. M.N Vidyashankar-President, India Electronics and Semi-Conductor Association.
The MSME DEFEXPO 2015 provided companies with an optimal opportunity to showcase their capabilities in the domains of defence, aviation, aerospace and homeland security. The Indian Aerospace & Defence’s expenditure on capital acquisition is estimated to be at around USD 120-150 billion in the next 10 years, along with a simultaneous investment of $30 billion by the Govt. of India. Additionally, with the Homeland Security market poised to grow at Rs 1.18 lakh crore by 2017, from the current Rs 80,000, the possibilities are endless.
Around 200 MSME exhibitors including 10 International Original Equipment Manufacturers (OEMs) like Boeing, Airbus, Honeywell, Zen Air Defence Canada CEMILAC etc. are participating in this exhibition.
National Small Industries Corporation (NSIC):
NSIC is an ISO 9001-2008 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country. NSIC operates through countrywide network of offices and Technical Centers in the Country. To manage operations in African countries, NSIC operates from its office in Johannesburg, South Africa. NSIC has also facilitated setting up of several Training cum Incubation Centers all over the country.
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