Make India a manufacturing hub for safe space activities

By OEM Update Editorial August 2, 2021 2:27 pm IST

Lot of opportunities being given to the MSMEs, ease and support as well.

What are various emerging opportunities you see coming up in aerospace industry?

The defence production and export promotion policy of 2020 targets two: it’s the guideline document which is aimed at giving a thrust to the domestic manufacturing and for the defence and make India a manufacturing hub with a focus to achieve defence manufacturing turnover of 25 billion USD by 2025 investments worth 10 billion FDI. And differences increased to 74 percent by automatic route from earlier 49 percent and 400 percent through with a special permission of the government 200 percent, also FDA is not the first; and second positive list of 108 items with embargo, progressing over a period of time that’s one of the most important things. So, what you see is a lot of these programs which are in the development stage or actually in the status where it is going to be the orders that can be placed. The development is done production orders can be placed. And, since there is a ban on the input of these items, the company, the private sector, all the manufacturing companies can be sure of actually getting those opportunities in future.

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