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Armed Forces Modernisation Programme to Offer Lucrative Opportunities for Overseas and Private Participants in Indian Air Training and Simulation Market, Finds Frost & Sullivan

Posted on: Wednesday, 29 July 2009, 07:26 CDT

MUMBAI, India, July 29 /PRNewswire/ -- The air training and simulation market in India is at a growth stage. The market will experience steady expansion as a result of the modernisation programme of the Indian armed forces, providing more opportunities to overseas as well as private participants. Policies for FDI and private sector participation will be more favourable over the long term. To gain greater market share, companies should design easily upgradeable and interoperable simulators.

New analysis from Frost & Sullivan (http://www.aerospace.frost.com), Indian Air Training and Simulation Market Assessment, finds that the market will grow at a compound annual growth rate (CAGR) of 6.5 per cent from 2009 to 2017.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Ravinder Kaur/ Amrita Nandi, Corporate Communications, at ravinder.kaur@frost.com/ amritan@frost.com with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

"Currently, cost/safety/time benefits coupled with the modernisation programme of the Indian Armed Forces are the two most important factors driving this market," notes Frost & Sullivan Research Analyst Srinivas Sishtla. "These factors will continue to be the most important drivers for the market over the long term."

The need for cost savings in terms of original equipment wear and tear, fuel, man-hours and soldier safety during training will boost market prospects. Moreover, the need for training arising as a result of the procurement of new military equipment under the modernisation programme of the Indian Armed Forces will have a significant impact on this market.

With the Indian Armed Forces' requirement of no cost-no commitment trials on full-fledged simulators for technical evaluation and the lowest price preference, the biggest challenge is to manufacture low-cost, yet technologically advanced simulators.

"For overseas as well as indigenous companies, strategic alliances like joint ventures, memorandum of understandings/agreements, offset partnership are very significant," advises Sishtla. "Choosing the right company to forge an alliance with in terms of technical know-how, local market knowledge, brand image and past relations with the Indian military and paramilitary forces will be a vital success factor."

Indian software companies will also have a major role to play in this market. Their role will be as partners in designing and supplying software for simulators.

Indian Air Training and Simulation Market Assessment is part of the Defence Growth Partnership Service programme, which also includes research in the following markets: Indian Defence Market, Indian Land-based Training and Simulation Market and, Indian Sea Training and Simulation Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

SOURCE Frost & Sullivan (India) Pvt. Ltd.

Source: PR Newswire

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