GOA: The 9th edition of Defexpo India, a biennial exhibition on Land, Naval and Internal Homeland Security Systems was today inaugurated by Defence Minister Manohar Parrikar at Goa. The four-day event is being organised by the Defence Exhibition Organisation of Department of Defence Production, Ministry of Defence.
A total of 47 countries from different continents are taking part in the exhibition against 30 countries which participated in Defexpo 2014. In comparison to Defexpo 2014 where 624 companies participated; over 1000 companies, both foreign and Indian, are taking part this year.
On the sidelines of the exhibition, Seminars will provide a platform to showcase developments and opportunities in the defence sector. The topics of the Seminars being conducted on 29 and 30 March 2016 are Global Defence Supply Chain, advances in shipbuilding technology, Make in India for defence sector, India – Korea Defence Cooperation, Modernisation Programme of Indian Army and Challenges and opportunities of Defence Offset.
The event will be open to public on 31 March 2016.
Inaugurating the function, Parrikar said the event would provide a push to the ‘Make in India’ campaign. He said the Government has been proactive in its ‘Make in India’ initiative and desires to also include ‘Startup India’ which will find opportunities in Defence sector.
He stated that the Government has tweaked the policies to address the concerns of defence manufacturers and suppliers and enhanced transparency. The new procurement policy being promulgated by DPP-2016 will ensure faster pace in procurement especially through newly introduced categories under Indigenously Designed, Developed and Manufactured (IDDM) provisions. Such provisions will encourage Indian Industry in Defence Sector, he added.
He acknowledged the contributions of the Small and Medium Scale Industries in Defence Sector, quoting that many innovative ideas have come from these sectors. He further added that, while Foreign Direct Investment (FDI) in Defence Sector is capped at 49%, cases for higher FDI can be considered on case to case basis. He commended the organisers and the delegates present for the overwhelming response to Defexpo 2016 with record participation of companies in the event.