Growth Opportunities in Aerospace & Defence Sectors

Greetings from the Indian Machine Tool Manufacturers’ Association (IMTMA) and Modern Manufacturing India (MMI) magazine September 2017 edition.

Manufacturing needs to take a quantum leap in new and emerging areas such as defence and aerospace. This may perhaps open doors for the machine tool industry to develop new and innovative technologies and strengthen its inherent innovation capabilities. This would also supplement our export potential as well besides giving a big push towards the mission ‘Make in India’.

India’s machine tool industry is eyeing aerospace and defence sectors as growth markets. Change is on the cards with the Government of India attempting to give thrust to Make in India in policies such as defence procurement policy and strategic partner policy and facilitate partnership between Indian and foreign firms for manufacturing aerospace and defence equipments in the country.

It is expected that private sector will make full use of the opportunities presented before them and forge technology and production partnerships with overseas aerospace and defence companies.

IMTMA is organizing a group participation of Indian machine tool companies at EMO Hannover 2017 in Germany. The exhibition is an excellent opportunity for Indian companies to understand trendsetters in digital transformation and navigational aids for smart factory of the future and technologies that are used by the global machine tool industries.

I firmly believe that EMO Hannover 2017 will be an enabler for the Indian manufacturing industry to strengthen its presence in the global marketplace.

India is working on a roadmap for modernizing its armed forces. An estimated 100 billion USD contracts are likely to be signed in around 10 years. This provides a window of opportunities for Indian and foreign firms to forge alliances for mutual benefit.

The Association will continue to project the machine tool industry as a key enabler of the ‘Make in India’ initiative and strive to make the industry a global player. I call upon the industry to support IMTMA’s initiatives by giving feedback which will guide us in our journey to make the manufacturing sector competitive.

This issue of MMI focuses on defence and aerospace sectors. The magazine also includes an opinion piece from IMTMA in which the Association shares its thoughts on various opportunities in aerospace and defence sectors.

Readers can download previous editions of the magazine from IMTMA website.

Happy reading.

PG Jadeja
President, Indian Machine Tool Manufacturers’ Association