Indo – French Defence & Aerospace Cooperation
SIDM, in conjunction with GIFAS, the French Aerospace Industries Association organized a series of events in New Delhi, Bangalore & Hyderabad from 16 to 19 April 2018, drawing on the very constructive and promising feedback resulting from the discussion between Hon’ble Prime Minister Shri Narendra Modi and French President Mr. Emmanuel Macron.
The first conference was held on 16 April 2018 in New Delhi. 80+ major French aviation and space players, representing both defence & civilian business interests, were present at the event which was attended by more than 200 delegates from 136 Indian companies.
Mr. Jayant Sinha, Minister of State for Civil Aviation in his inaugural address mentioned that the civil aviation sector is expected to grow steadily and is gearing up to handle a Billion passenger trips in next 15 to 20 years. He also informed that the Government would bring out a policy on drones and said that India would be the land of “air rickshaws” in future.
Roundtables on Aerospace, Civil Aviation and Space were held where senior industry leaders from both sides and senior government officials led the discussions. These were followed by more than 300 one on one business meetings between the French and Indian businesses.
SIDM and GIFAS signed a Memorandum of Understanding (MoU) on the sidelines of the event. The MoU aims to promote a sustainable framework for present and future partnerships and cooperative actions between the French aerospace industry and the Indian defence industry by reaffirming the necessity to expand trade, through stronger economic and industrial cooperation, between France and India.
Dr. Subhash R Bhamre, Hon’ble Minister of State for Defence in his valedictory address said that the Make-in-India initiative offers a valuable opportunity for Indian and French enterprises to enter into arrangements for co-development and co-production of defence equipment in India, including through transfer of know-how and technologies to the mutual benefit of all parties.
- The export target for Defence equipment has been fixed at Rs 35,000 crore by 2025- Dr. Subhash R Bhamre, Hon’ble MoS for Defence
- Civil aviation sector in India is expected to grow steadily and is gearing-up to handle a Billion passenger trips in next 15 to 20 years - Shri Jayant Sinha, Hon’ble MoS for Civil Aviation
Bangalore hosted the second in the series of events and hosted more than 100 B2B meetings between Indian and French companies.
As a follow-up to the GIFAS delegation to India, SIDM is contemplating an Indian industry delegation to France & Germany coinciding with EURONAVAL Defence & Maritime Exhibition, 23 – 26 October 2018 in Paris.