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With the initiative of Narendra Modi’s ‘Make in India’ scheme, the MSME DEFEXPO 2015 aimed to craft a vibrant defense industrial hub with the corporate as its focal point.
By Nijhum Rudra
Bearing in mind Prime Minister Narendra Modi’s initiative ‘Make in India’, the National Small Industries Corporation, Government of India (NSIC Ltd) structured its fourth version of MSME DEFEXPO 2015. The DEFEXPO was aimed at expanding the optimization of the national manufacturing base as well as minimizing dependence on foreign investors.
The event was spearheaded by Kalraj Mishra, Union Minister, Ministry of MSME and Satish Jarkiholi, Minister for SSI, Government of Karnataka. The MSME DEFEXPO aspires to escalate its procurement value to 75 per cent of its indigenous content through Indian vendors.
“India, till recent past, relied heavily on the foreign manufacturers for the procurement of defense related equipment. However, there was always, a need for self-reliance. As we all know that Small and medium enterprises (SMEs) play an important role in creating a self-reliant base for any industrial sector and that stands true for defence sector as well,” said Kalraj Mishra, Union Minister, Ministry of MSME.
“Therefore, our focus now is on enabling SME sector for the supply of equipment, machineries and general consumables, adding SMEs in the supply chain of high technology products and services related to defense sector as SMEs are real component of indigenization” he added.
The Ministry of MSMEs have taken some imperative proposals like simplification of MSME registration process through Udyog Adhar, Prioritizing credit to MSMEs, Performance and Credit Rating Scheme, creation of Credit Guarantee Fund Trust for MSMEs, Credit Linked Capital Subsidy Scheme for Technology Upgradation, National Manufacturing, Scheme for Promotion of Innovation and many more for creating a superior livelihood.
In this exhibition, around 200 MSME exhibitors including 10 International Original Equipment Manufacturers (OEMs) like Boeing, Airbus, Honeywell, and Zen Air Defence Canada CEMILAC have participated.