India at the Forefront of Growth for Defence Spend: F-INSAS Updates from the Indian Army
LONDON and NEW DELHI, July 5, 2012 /PRNewswire/ –
The 2nd Annual Soldier Modernisation Conference [http://www.soldiermodindia.com ],
hosted by Defence IQ in collaboration with the Indian Army, has been confirmed to take
place 11-13 September 2012 at the Sheraton Hotel in New Delhi, India.
This year’s programme focuses on the highly publicised F-INSAS programme
estimated at a $10Bn forecasting budget, with Lieutenant General Vinod Bhatia, Director
General, Directorate Infantry and Lieutenant General Sumer Singh, Director General,
Directorate Perspective Planning – both representing the Indian Army – to lead discussions
on capability gaps and perspective planning for infantry requirements up to 2020+.
Lieutenant General Bhatia and Lieutenant General Singh are joined by senior
representatives of the Indian Army as well as the DRDO – the Defence Research and
Development Organisation in India – on the speaker faculty, which already features
international military participation from the US, Israel, Czech Republic, Italy, Croatia
and Spain, amongst others.
The main purpose of the event is to present attendees the much-needed networking
platform for international industry professionals to meet senior military decision-makers
responsible for the major programmes – notably F-INSAS – within India’s defence
organisations, and to hear directly India’s current priorities and ambitious future
Whilst there is still much speculation on the plans of the Indian Army for allocations
and contracts, with global organisations weighing out their priorities between India and
other emerging markets such as the Middle East, India undeniably remains at the forefront
of growth in the world in terms of defence spending.
According to Visiongain’s analytical report, “The Indian Defence Market 2012-2022,” it
is estimated that India will spend $38.51 billion on defence in 2012 alone.
quotes from the study: “Despite the
continued existence of restraints on the market such as slow tender processes and a
dominant state sector, huge opportunities exist for a wide variety of defence firms. Those
who are willing to work within the Indian government framework for indigenization of
production will find themselves in a potentially long-term and lucrative arrangement.”
The conference features speakers from the Indian MoD, Indian Army, DRDO, and
representatives of local and international industry. Visit
http://www.soldiermodindia.com for details or follow @DefenceIQ
Defence IQ is a unique multimedia platform to discuss and learn about the latest
developments in the industry. Join the 50,000-strong community now:
Defence IQ, Simon Wigfield, firstname.lastname@example.org, +44(0)20-7368-9737, London, UK
SOURCE Defence IQ