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Government roots for SMEs participation in defence sector

Tags: Defence, SME, Pallam Raju

March 30, 2012 | COMMENTS ( 1 )

Government roots for SMEs participation in defence sector

Addressing on the occasion of annual Defexpo India 2012 inauguration, Minister of State (MOS) for Defence, Dr. Pallam Raju said that the government would encourage the participation of Small Medium Enterprises (SMEs) in the country’s defence sector by broadening the defence’s Research & development (R&D) fund to achieve self reliance in defence preparedness.

“The Government is committed to do its utmost to render maximum possible support to SMEs in order to promote their participation in Defence Production,” said Raju.

The Indian Armed Forces which is currently going through a modernization phase has in turn increased the spending on defence procurements. This has further opened up significant opportunities for SMEs to get merged into the supply chains of national and international defence majors and an ideal platform for doing business in defence industry. The minister also talked of enhancing the potential of SMEs to promote indigenization in defence and joint ventures with foreign Original Equipment Manufacturers (OEMs).

“The ongoing Modernization of our Armed Forces presents enormous opportunities for doing business in Defence Sector in India. We are looking for partnerships and co-development arrangements and formation of Joint Ventures with foreign OEMs in the Critical Technology Areas. DefExpo, which is a one stop shop, is an ideal platform for doing business in Defence,” he added.

Please add your comment

Isabelle

April 18, 2012 at 10:18 pm

Interesting discussion, I'm a little late in the game here, I think there has to be enough businesses in a category for the classifications to be useful, and as you say Rowan if you\'re bigger than over 90% of businesses and still in the same size category as them, then there\'s really no value in that classification.I think you've got to look at why these classifications exist. The biggest value they can offer is to help push businesses through the growth curve. If the next milestone is 100 employees in New Zealand to get to a medium, the its a long haul for almost every small business.We're not the US, we're not a country who are masters of taking on the world with the biggest companies on the planet, and nor are we likely to be.We have to play to our strengths, and getting from small to medium is the step we want to see heaps of NZ companies taking, lets not set the bar so high that nearly no-one gets there.I want more medium companies, and getting to something like 25 employees and a

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