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News

Report on development of the Indian defence industry.

Research And Markets : 13 August, 2007  (New Product)
Research and Markets announces Indian defence industry report for 2007 highlighting procurement value from foreign suppliers.
Research and Markets has announced the addition of "Indian Defence Industry Report" to their offering.

It is estimated that defence procurement up to 2012 will be over USD45 billion, which makes it one of the most attractive defence markets in the world in terms of business potential.

Currently about 70% of the procurement in value terms, is from foreign sources. The current defence market for private sector firms in India, which includes outsourcing from Defence Public Sector Units and Ordnance Factories is estimated to be USD700 million. This spend will further increase since the Indian Defence Industry is determined to increase the participation of private players. Presently more than 5,000 Indian companies are supplying around 25% of components and subassemblies to state-owned companies.

Scope of the Report:.

- This report discusses Indian defence structure and various organizations along with their role and Defence Procurement Policy 2006 in detail.

- The report presents Offset policy and its implications, need for technology in armed forces and emerging opportunities for Indian industries to supply various equipments and technology.

- The report presents the details about major defence public sectors and some private companies, critical success factors and growth drivers

- Future outlook has been discussed from the perspective of policies and defence budget.
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