Industrial corridors will increase manufacturing capacity for defence equipment

By OEM Update Editorial April 1, 2022 4:31 pm

We have a long journey ahead; to be self-reliant and hold a strong position in the defence and aerospace manufacturing industry.

Opportunities in defence and aerospace manufacturing in present scenario 

The SLTL Group is a technology-driven company dedicated to providing indigenous solutions for the Aerospace, Defense, and Space (A&D) and Automotive companies around the globe. For years, we have successfully introduced groundbreaking Make in India products and advancements in response to the complex needs of the industry. 

Electromagnetic warfare is currently at the forefront in the aerospace and defence industry. For research-based enterprises, the aerospace and defence sectors have always been important markets with plenty of business opportunities. The team of experts at SLTL have been working on empowering electromagnetic fields since 1989 with Complete solutions from Acoustic to Photonics to Stealth for Defence and Aerospace. The DSIR approved in-house R&D facility helps the SLTL Group run ahead of time with futuristic solutions meeting the strict parameters of Defence & Space. Being equipped with hi-tech solutions even in the defence sector is always encouraged. The government is promoting the development of solutions in India; to maximise economic development, with campaigns like Make in India, AtmaNirbhar Bharat. The introduction of privatisation in the defence sector is one of the emerging trends that we have witnessed in recent times which will help in gaining more efficiency and manufacturing of self-reliant systems. The worldwide space-based RF & microwave technology market is being driven by technical advancements in terms of size, dependability, transfer rate, and power consumption. Furthermore, the entrance of corporates, as well as increased government and institutional spending in the space sector, contribute to the creation of market possibilities. 

Initiatives and reforms to promote self-reliance 

The Indian Defence and aerospace industry today is much ahead of what it was earlier and many more transformations are on the way. The initiative to make India self-reliant; has uplifted the Indian industries many-fold. To uplift and enhance productivity in terms of out-breaking innovations and reformative systems, initiating and encouraging corporate and institutional tie-ups will help develop new solutions at the same time increasing the skills of the younger generation. The government’s projects for making defence manufacturing corridors and implementing guidelines to uplift the manufacturing industries are helping a lot. One such initiative is to build the necessary equipment in India. If imports are required, and something is purchased from outside India, the companies must ensure that the majority of the investment is made in India, with Indian manufacturers receiving priority. Furthermore, subsidies must be given to the Indian manufacturers and some other tax benefits that could encourage more market players and new startups in the defence and aerospace industry. Also, setting up the manufacturing bases and more corridors will help in streamlining the manufacturing and reduce the imports. 

Defence industrial corridor in Uttar Pradesh to augment defence manufacturing 

The industrial corridors for defence manufacturing are being set up in two different states i.e., Uttar Pradesh and Tamil Nadu. The aim to build these corridors in two significant states will assist in the rise of in-house manufacturing and the development of Indian industries. This will lessen our dependence on imports by raising the Indian game in the production of robust machinery. Not only that, but this initiative will encourage the export of these commodities to other nations, which will have a significant economic impact. These corridors will help develop new opportunities for the Indian defence industries as well as other countries wherein we could earn good revenue and boost the Indian Economy. As a nation; the skills of our countrymen and the talent is already well known across the globe, with these corridors, many countries will tie-up with our manufacturers for developing indigenous solutions. This in a way will increase foreign direct investment and employment generation opportunities, at the same time; building a technological ecosystem. 

Future scope in defence and aerospace manufacturing sector 

The manufacturing of defence solutions has a wide scope. As every nation is focusing on developing a strong force for the safety and security aspect. We have a long journey ahead; to be self-reliant and hold a strong position in the defence and aerospace manufacturing industry. With the cooperation of the government and the Industries, India will soon achieve a milestone for the same. Focusing on reformative policies like AtmaNirbhar Bharat, the government is making the defence sector self-reliant. Setting up corridors and manufacturing bases will enhance various possibilities. Global tie-ups will help in increasing FDI and take our defence and aerospace industry to a newer level. 

Concluding with future possibilities, automation and robotics might be a major development; with the arrival of MNCs and private sector units, technology will be holding a major part in the manufacturing practices.