Saturday, April 10, 2021
Home Reports India's $620 billion defence market attracts Lockheed, Airbus, and Saab

India’s $620 billion defence market attracts Lockheed, Airbus, and Saab

Also Read

India’s defence market is growing rapidly despite the country being a major arms importer. The sudden focus of the Indian government towards its defence sector has alerted major arms manufacturers, especially the European defence firms.


Defexpo 2018, the Indian defence expo, held at Chennai, reflects the focus mentioned above. Airbus is the only bidder that has shown interest for Indian Air Force’s Avro Replacement Programme.

If the deal is finalized, Airbus will produce 56 units of C295W military transport aircraft with assistance from Tata Advance Systems Ltd. President and MD of Airbus India, Pierre de Bausset explained, “As soon as the Avro replacement programme turns into a contract, it will be assembled over here, manufactured here in India.”

Airbus, one of the largest European aeronautics company, is also eyeing the South Asian continent for new projects. In fact, it is developing a strong supply chain running through the Asian nations. Owing to the increasing tension in the Korean peninsula and the South China Sea, defence purchases are increasing steadily.

Local manufacturing is being pushed with the help of regional partners. It’s quite visible with a jet fighter deal that may be concluded soon. For the deal, Lockheed has partnered with Tata Group, and Saab has joined hands with Adani Group, fronted by Chairman Gautam Adani and Managing Director Rajesh Adani. At least 85 percent of the planes are going to be manufactured in India, which is in line with the ‘Make in India’ initiative.

The man behind the curtains is PM Narendra Modi. His ‘Make in India’ initiative is promoting local production of goods and services. The aim is to make the country self-reliant rather than depend on costly imports, which may not fall in line with the quality needed by the defence forces. Recently, the home ministry gave clearance to 48 private defence projects. These will enable small and medium-scale arms production.

In other news, The Indian Air Force has issued a Request for Information (RFI) to invite tenders for 110 fighter aircraft. Around 75 percent of the aircraft will be single-seat variants and the other 25 will be double-seat fighters.

  Support Us  

OpIndia is not rich like the mainstream media. Even a small contribution by you will help us keep running. Consider making a voluntary payment.

Trending now

Latest News

Recently Popular

How West Bengal was destroyed

WB has graduated in political violence, political corruption and goonda-raj for too long. Communist and TMC have successfully destroyed the state in last 45 to 50 years.

Khalistani gang leader “Guru” stirring violence in Canada against Hindus

Hindus in Toronto have been organizing peaceful rallies in support of India-Canada relations over a great gesture by Prime Minister Narendra Modi of donating COVID vaccines to Canada which have been met with Khalistani elements causing disruptions and taking out counter rallies.

A Nandi that’s facing the wall

The original temple of Kashi was demolished by Aurangzeb and there was no Kashi Vishwanath temple for more than 100 years. Later in 1775, Ahalyabai Holkar built a new structure adjacent to Gyanvapi Mosque which we now worship as Kashi Vishwanath Temple.

गुप्त काल को स्वर्ण युग क्यों कहा जाता है

एक सफल शासन की नींव समुद्रगप्त ने अपने शासनकाल में ही रख दी थी इसीलिए गुप्त सम्राटों का शासन अत्यधिक सफल रहा। साम्राज्य की दृढ़ता शांति और नागरिकों की उन्नति इसके प्रमाण थे।

Darjeeling – Gorkhaland an untold story & an unfulfilled dreams of many

Leaving this piece of strategic land mass of Siliguri Corridor so called ‘Chicken Neck’ in the hands of Commie and TMC gang would be a very dangerous for sovereignty of this Great Country.