DEFEXPO 2 LAST

Antony said the Indian defence ministry will soon publish
the'technology perspective and capability roadmap' for the
next 15 years, which will highlight the requirements of the
armed forces in future and help the defence industry to
prepare themselves as per the requirements.

He said the offsets clause in the DPP have resulted in
development of India as a global outsourcing hub for global
defence manufacturers.
Under the offsets clause, for any defence deal worth over
Rs 300 crore, the foreign vendors have to invest 30 per cent
of the total worth back into the Indian defence Industry.
Antony said the "licensing conditions" have also been
rationalised and necessary structures have been put in place
for facilitating banking of offsets.
On the prevailing security scenario, the Minister said
India is seen as a "mature and responsible" power and has a
stabilising influence at a "politico-security" level in the
region, but was ready to meet any challenge to its territorial
integrity and sovereignty.
Terming the defexpo 2010 as an opportunity for the global
industry to "tap the market and business potential" in India,
he welcomed the participants in the event to help in
modernisation of Indian armed forces.
Antony said the next defexpo will be held from February
09-12 in 2012.
Over 650 Indian and foreign companies are participating
in this edition of the biennial exhibition and 30 official
delegations, including 14 Ministerial-level delegations, will
take part in it. PTI AJD
RDM


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