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Indian Aerospace Sector needs around $ 100 billion

 
 Published : October 2008
 
 
 

New Delhi. The technologydriven aerospace sector in India needs an investment of US$ 100 billion, according to Air Chief Marshal F H Major.

He told the first National Seminar on Aerospace Technologies (N-SAT) that India needed new aircraft, equipment and infrastructure over the next couple of decades, and that this would also entail an offset opportunity of around $ 30 billion for the international and Indian industry.

This is the first time that a serving Chief of Air Staff of the Indian Air Force has indicated the expenditure in the coming years in the aerospace sector.

IAF it self was under “transformation,” he said adding that “the scale is simply immense.”

“We are in varying stages in the induction of a wide range of equipment which includes all types of aircraft, weapons, missiles, sensors and communication equipment,” he said adding: IAF had asked HAL to increase the indigenous production of SU 30 MKI aircraft to more than 20/ year; the technical evaluation of the bids for 126 MRCAs was over and the flight tests of the contenders should begin around February; and heavy to medium and light transport aircraft as well as combat and transport helicopters were being planned for acquisition.

“We are looking for state-of-theart equipment.

Miniaturisation, sophisticated weaponry, sensors, electronic warfare, communications, stealth, networking and a number of other sub-spheres in the field of military aviation continuously and aggressively demand increasing sophistication and refinement so as to continue to remain relevant, superior and effective.”

Saying that he was personally inviting the Indian and foreign industry to cooperate in developing India’s aerospace production base, Air Chief Marshal Major observed: “The Indian defence industry is now in the process of emerging out of its long sheltered cocoon. Having been under the protection of the Indian Government and the purview of the Public sector for long, it has now been thrown open to the private sector as well.

“The opportunity is tremendous and the moment is just right.”

 
  © India Strategic 
   
  
 
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