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INDIA to Invest $150 Billion in Military Defence Systems

India to Invest $150 Billion in Military Defence
Systems AHMEDABAD: Distinguished scientist and Director
General of BrahMos missile system division of the DRDO, Dr Sudhir Mishra, today said
the country would require various military equipment worth USD 150 billion in the next
10 years. Inviting private players to grab the opportunity
by entering the defence equipment manufacturing, Mishra said the Defence Research and Development
Organization (DRDO) is ready to share its technology with the manufacturers. Mishra, who is also the CEO and Managing Director
of ‘BrahMos Aerospace’, an India-Russia joint venture of the Ministry of Defence, was speaking
at an interactive session on defence manufacturing organised by the Gujarat chapter of CII here. “In the next 10 years, there is a requirement
of around USD 150 billion of military equipment. This is a realistic and quite a moderate figure. This is a big opportunity for the entrepreneurs,”
he said. According to him, USD 150 billion would be
spent on manufacturing or upgrading aircraft, tanks, guns and various other equipment. “There are many items, which we are going
to manufacture or procure. Many of them have already become a reality,
such as upgradation of MiG-29 and Mirage aircrafts. We are also going to procure around 500 more
T-90 battle tanks in a short time,” he said. Expressing concern over the overall manufacturing
scenario in the country, he invited private players to consider taking up production of
defence equipment. “In our country, contribution of manufacturing
sector in the GDP is 18 per cent for the last seven to eight years, while the contribution
of service sector is 65 per cent. This is an anomaly. Manufacturing should be around 35 to 40 per
cent and service sector has to be 15 to 25 per cent,” he said. “At present, we own 6 to 7 per cent of the
global software market. But now, we cannot grow beyond this, as we
mostly carry out outsourcing and low-end software jobs. That is why, the new government at the Centre
came up with ‘Make In India’. Now, we are trying to catch up,” said Mishra. “DRDO is ready to share the technology, as
we alone cannot do it. Private players can take that technology from
us and develop it for the market. You can approach us and start manufacturing,”
he added while addressing budding entrepreneurs from this sector. NEW DELHI: Swedish defence firm Saab and Adani
Group have announced a collaboration plan entailing billions of dollars for the development
and manufacture of Gripen fighter jets and other hightech products in India. Saab AB CEO Håkan Buskhe said in New Delhi
on Friday that plans were afoot to create a defence ecosystem in India, which will involve
partners, vendors and suppliers. “The collaboration is meant for Gripen fighter
jets. We also have other projects such as niche
sensors for instance ground penetrating radar and other R&D,” he said. The collaboration comes at a time when the
IAF is about to initiate the selection of a single engine fighter aircraft to replace
Russian MIG-21s and MIG-27s. Whether the IAF procures Gripen will depend
on whether Saab and Adani qualify and win the contract. When asked about this, Buskhe said, “we
have a strong belief that we can qualify for the needs of the IAF. We recognise some work needs to be done, but
we would not have taken the step if we didn’t believe we would be successful.” US defence firm Lockheed Martin will be a
major competitor for Saab. Adani Group chairman Gautam Adani said that
a roadmap of selfreliance and indigenisation has been created in collaboration with Saab. The first focus will be on technology of critically
important equipment such as fighters, unmanned aerial systems, carbon composites and radar
technology. Besides ensuring transfer of technology, there
will also be “focus on capabilities critical for true indigenisation, including design,
system integration, maintenance and upgrade for Gripen in India,” said Adani. He added that Gripen will be offered to India
as the best single engine fighter aircraft under the strategic partnership model. Saab is willing to bring its technology in
India and foresee exporting the Gripen to other countries. “What we offer is total source codes. One of our unique things is that the Gripen
is designed to meet the requirements of the next 50 to 60 years,” a top Saab official
said. Buskhe said “we will not extend our capacity
in Sweden, so India will be a partner in the global chain. We will definitely export from India to other
countries if the Indian government thinks it is a good idea. There is billions of US dollars of investment
in such capability. This is not a question of production, but
to create the capability from design to control of supply chain and developing the next aircraft
in India. We are talking of full capability.” Buskhe added that the basic design of a naval
version of the Gripen has also been made in Sweden. In relation, the Indian Navy wants to procure
57 multirole carrier borne fighters. So what do you think of India boosting its
Military with $150 Billion for its defence systems. Post your Comments below
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