Thursday, March 23, 2023

CII workshop on “Doing Business in the Aerospace, Defense Sector” today


Jamshedpur, July 21: CII Jamshedpur is organizing a session on ‘Doing Business with Defense’ on 22 July at Center for Excellence with a thrust to highlight the existing and emerging business opportunities in defense sector for small and medium industries in Jamshedpur.

In the wake of the recent policy reforms in defense sector including the release of the new Defense Procurement Procedure 2016 which enables greater participation of Indian Industry in Defense R&D and Production, the Defense Sector is expected to lead the Make in India initiative of the Government with over USD $250 billion worth of procurement over next 10 years.

The provisions of new Defense Procurement Procedures will lay high emphasis on Indigenous design, development & manufacture; when viewed together with the guidelines for Vendor development and enhanced out-sourcing by DPSUs and Ordnance Factories; have the potential to generate very large business for Indian private industry.

The speaker for the session will be Rear Admiral Pritam Lal (Retd) Served the Indian Navy for 35 Years Navy in various senior management roles across administration, policy formulation and implementation, technology evaluation and induction, equipment/ system design and development with DRDO and Industry, equipment life cycle support planning and management, operation and management of industrial establishments (dockyards).He was a member of Committee of Experts constituted by Ministry of Defense, Government of India, in May 2015, to evolve a policy framework to facilitate “Make in India” in Defense manufacturing and suggest amendments to DPP 2013 to remove the bottlenecks in the procurement process and also simplify /rationalize various aspects of the defense procurement set-up.

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