Global CEOs Conclave on Aerospace and Defence Manufacturing Opportunities in Andhra Pradesh under the Make in India Initiative at Aero India 2017 in Bengaluru.
The Global CEOs Conclave at the Aero India 2017 provided a platform for global CEOs to understand the measures taken by the Government of Andhra Pradesh to provide an enabling ecosystem for aerospace and defence sector.
Over 50 CEOs attended the discussion session with Hon’ble Finance Minister of Andhra Pradesh Shri Yanamala Ramakrishnudu, Hon’ble Union Minister for Civil Aviation Shri Ashok Gajapati Raju and Shri J. Krishna Kishore, Chief Executive Officer, Economic Development Board, Andhra Pradesh.
The other dignitaries in the panel included Col KV Kuber, Independent Consultant on aerospace and defence and Member - Committee of experts on DPP - 2013, Ashok Kumar Gupta, Secretary, Defence Production and Dr. Satheesh Reddy, Scientific Advisor to Defence Minister.
The welcome address was delivered by Col Kuber who remarked that India was on the verge of becoming the third largest defence spending nation by 2018. Col Kuber also stressed that over USD 23.5 Billion worth FDI was signed with 119 licenses issued in 2014-16. He highlighted that India will spruce up defence exports by USD 1 billion.
The presentation on ‘Opportunities for Aerospace and Defence Companies in Andhra Pradesh’ was delivered by Mr. J. Krishna Kishore who emphasized the proactive readiness of Andhra Pradesh in providing an enabling ecosystem for a robust aerospace and defence sector.
Mr.J. Kishore said that the state under the leadership of Hon’ble Chief Minister N Chandrababu Naidu has been forging partnerships, building strong foundations and engaging with global aerospace and defence players for setting up their production base in the sunrise state of Andhra Pradesh
The special address by Dr. Satheesh Reddy focused on the need for a technology revolution and on bridging the gaps in technology and infrastructure capabilities. Dr. Reddy also mentioned that the industry base in India was sufficiently established as state-of-the-art missile systems, avionics, anti-ballistic missile systems and complex systems like AWACS are being developed indigenously.
Dr. Reddy also informed that India was looking at leveraging partnerships in technology, especially in the areas of high energy propellants, self-healing materials and high pressure technologies. Apart from leveraging technologies, India would stand to gain from collaborations in advanced manufacturing, advanced processing technologies and additive manufacturing.