Defence and aerospace electronic summit begins in Bangalore
26 Jul 2012
The third `Strategic Electronic Summit (SES) of the Aerospace and Defence Sector 2012' commenced today in Bangalore, bringing together leaders and key decision makers from the government, the defence services and industry.
The summit, hosted jointly by India Semiconductor Association (ISA) and ELCINA brings together leaders from the government, defence services and industry
Minister of state for defence M M Pallam Raju today inaugurated the seminar, being hosted at the HAL Convention Centre.
The Indian defence and aerospace sectors are growing at an unprecedented rate and India is emerging as one of the largest markets for this sector globally. With India being one of the world's largest military spenders in the world, there is an exponentially high degree of attention on India, which has one of the largest defence procurement budgets in Asia.
The key drivers of the Indian aerospace and defence industry is the high domestic demand, offset policy, cost advantages, talent base and the opportunity to leverage IT competitiveness.
The strategic electronics sector presents an unprecedented opportunity as well as challenge. Modern warfare systems, including fly by wire, avionics, telecommunications, sonar systems, navigation and surveillance depend heavily on electronic systems. The production of strategic electronics in India has steadily grown from Rs5,700 crore in 2007-08 to Rs9,000 crore during 2009-10.