National Small Industries Corporation, Government of India (NSIC Ltd) organized its 4th edition of the (micro, small and medium enterprises) MSME DEFEXPO 2015, to create a vibrant defence-industrial base with the private industry as its focal point. The event was dedicated to defence sector by Shri Kalraj Mishra, Hon’ble Union Minister, Ministry of MSME, Government of India in the presence of Shri Satish Jarkiholi, Hon’ble Minister for SSI, Government of Karnataka and a host of other dignitaries.
The MSME DEFEXPO 2015 had been especially crafted bearing in mind the Hon’ble Prime Minister Shri Narendra Modi’s ‘Make in India’ initiative, and aims at doubling its procurement value to 75% of its indigenous content, through Indian vendors by the next decade.
This was a unique event which provided companies with the perfect platform to promote their products and services to domestic and international companies across industries like defence, aerospace and homeland security areas. Besides, the expo also facilitated linkages between MSMEs and large defence equipment producers / suppliers from around the world, with the advantage of the procurement off-setting policies set by Ministry of Defence, Government of India.
On this note, Shri Kalraj Mishra-Hon’ble Union Minister, Ministry of MSME, Government of India said, “India, till recent past, relied heavily on the foreign manufacturers for the procurement of defense related equipment. However, there was always, a need for self-reliance. As we all know that Small and medium enterprises (SMEs) play an important role in creating a self-reliant base for any industrial sector and that stands true for defence sector as well. Therefore, our focus now is on enabling SME sector for the supply of equipment, machineries and general consumables, adding SMEs in the supply chain of high technology products and services related to defense sector, as SMEs are real component of indigenization”
Simplification of MSME Registration process through Udyog Adhar, Prioritizing credit to MSMEs, Performance & Credit Rating Scheme, creation of “Credit Guarantee Fund Trust” for MSMEs, “Credit Linked Capital Subsidy Scheme” for Technology Upgradation, National Manufacturing, Scheme for Promotion of Innovation, Entrepreneurship and Agro-Industry (ASPIRE) for creating livelihood are some of the initiatives taken by the Ministry to assist MSMEs to compete in the global market.
The MSME DEFEXPO 2015 was aimed both at expanding the optimization of the national manufacturing base as well as minimizing dependence on foreign investors. Uniting the Indian Defence and Security sectors on a single platform, the expo also witnessed a conglomeration of several security officers from neighboring countries instilling a pan-South Asian presence to the event.
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.