DEFTRONICS 2017 will discover game changing ideas, address key concerns and create opportunities to build India’s strategic electronics ecosystem for greater self-reliance in the areas of defence, aerospace and internal security.
The Indian Aerospace & Defense Industry is one of the fastest growing sectors with an ocean of opportunities for manufacturing companies. India’s Defence budget for FY2016-17 was over Rs. 2.6 lakh crores, of which about Rs. 85,000 crore has been allocated for capital expenditure.
The global OEMs and Indian companies alike are keen to leverage this opportunity to make India a major aerospace and defence hub. With this event, IESA would be addressing the various challenges and opportunities to provide a guiding light to the industry stakeholders, thereby strengthening India’s manufacturing ecosystem.
The chief Guest for the event K. T. Rama Rao, Minister for Information Technology, Municipal Administration and Urban Development, Government of Telangana graced the event with this presence and also shared his vision for the state.
The guests of honors included Dr. G Satheesh Reddy, Scientific Advisor to Raksha Mantri; Rajib Kumar Sen, Economic Adviser and In-charge DOMW, MoD; T. Suvarna Raju, CMD, HAL; and B. N. Kalyani, Chairman, Kalyani Group.
The keynote address was given by Amit B Kalyani, Executive Director, Bharat Forge and special address by Dr. A. S. Kiran Kumar, Chairman, Space Commission; Secretary, Dept. of Space; Chairman, ISRO over video message.
The speakers highlighted the importance of transforming India into a knowledge based economy and bridging the skill gap with the private and public partnerships to generate more employment. They also discussed the various implementations by the government of India that would provide a supporting hand in smoothening this transformation.
Speaking at the event, Ashwini K Aggarwal, Chairman, IESA said, “We are proud that DEFTRONICS is delivering an accepted sector platform to the industry and government stakeholders – and is enabling industry wide networking and catalyzing the thought platform for scaling up growth in these strategic sectors.”
Commenting on the occasion, M. N. Vidyashankar, President, India Electronics & Semiconductor Association said, “India currently is the 5th largest A&D market in the world. However, it significantly relies on import to meet 70% of its defence needs. However, the defence industry in India is now at an inflection point and we strongly believe that our efforts in defining the manufacturing landscape of the A&D market has a huge role to play in this progress. We will continue to channelize our efforts towards building on this growth and aim to make the Indian A&D market one of the largest producers in the near future.”
With a strong move towards fast-tracking self-reliance of Indian aerospace, defense & internal security, India Electronics and Semiconductor Association (IESA), inaugurated the two-day annual flagship event DEFTRONICS 2017. This year, IESA chose Hyderabad, an emerging technology hub in the country to boost the ecosystem and create a conducive environment for local manufacturing of products for local and global markets.