· Defence Industry is playing a major role in the nation’s growth due to the huge investment leading to a significant and progressive change towards Indian industry. The accomplishments and the contribution of the nine defence public sector units coupled with the recent advances made by the private sector to India’s growth and development is being formally recognized by the Ministry of Defence.
· The potential of and opportunities in the Defence industry sector is enormous Currently, Indian industries supply raw materials, semi-finished products, parts and components to Defence PSUs and Ordnance Factories, and also to Base Workshops of Army and Base Repair Depots of Air Force and Dockyards of the Navy. They are mainly as sub-contractors and ancillaries.
· Dignitaries present during the inaugural session were Ms Shruti Singh, IAS, Director, Directorate of Industries, Government of Chhattisgarh; Mr P V Narsinga Rao, IFS, Member Secretary, Chhattisgarh Environment Conservation Board; Rear Admiral A K Verma (Retd.), Chairman, Defence Task Force, CII Eastern Region and Chairman & Managing Director, Garden Reach Shipbuilders & Engineers Limited; Mr Manish Gupta, Chairman, CII Chhattisgarh State Council & Partner, Beekay Engineering Corporation; Mr Dinesh Agrawal, Vice Chairman, CII Chhattisgarh State Council & Executive Director, Godawari Power & Ispat Ltd; and Mr Surajit Sarker, State Head, CII Chhattisgarh.
· Mr Manish Gupta during his welcome remarks stated that Defence PSUs and Ordnance Factories outsource their requirements from private sector (mainly SMEs) in the range of 20-25%. Out of this, about 25% requirement is met through the small-scale sector. After opening up of defence production to the private sector, many large industries have shown interest in investing in R&D and infrastructure and also developing capabilities in defence production.
· Rear Admiral A K Verma (Retd.) during his theme setting said that there is a huge business opportunity in the defence sector. It is an assured business as it is not affected by the inflation too. He also urged the industrialists to come forward and make them enlisted in the defence sector. Mr P V Narsinga Rao, IFS said that India has one of the largest defence forces in the world and it should keep pace with the technologies in other countries, to make itself a global leader. Ms Shruti Singh, IAS said that there is a huge demand in the defence sector, and lot needs to be done to meet up the expectations. She also said that Defence Industry is one of the major sectors for industrial growth of the nation.
· During the technical session on Business Opportunities in the Defence Sector, presentations were done by esteemed speakers like Group Captain P K Anand, Maintenance Command, Indian Air Force; Mr Atul Gupta, Deputy Director General, Ordnance Factory Board; Cdr Sanjay Sharma, Deputy General Manager, Garden Reach Shipbuilders & Engineers Ltd; Mr Tanweer Alam, Senior Manager – Outsourcing, Hindustan Aeronautics Limited while the session was chaired by Rear Admiral A K Verma (Retd.), Chairman, Defence Task Force, CII Eastern Region & Chairman & Managing Director, Garden Reach Shipbuilders & Engineers Limited. After the technical session, B2B meetings were also held wherein industries interacted with the esteemed speakers on the opportunities in the defence sector for their businesses.
· The event was held with an objective of building a powerful platform for the private sector industry in the state & Defence Public Sector Units to explore mutual business opportunities to develop long term business relationship.
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