Karnataka beacons Defence MSME companies at DEFEXPO 2012
Bangalore: Karnataka Chief Minister, D V Sadananda Gowda, on Friday, invited medium and small & medium enterprises (MSME) to establish businesses in the state. Speaking at the inauguration of the second edition of MSME DEFEXPO 2012 at the Palace Grounds here, Gowda invited MSMEs and leading national and International Defence and Aerospace sector Industry members to come to Karnataka and plan their expansion and diversification and execution of their Green field projects here. He assured prospective companies of all possible efforts of the Government of Karnataka to provide them the ease of doing business here.
Gowda stressed on the fact the MSMEs generate large scale employment and also entrepreneurial opportunities for the talented work force in the State. He appealed to MSME Industry to participate in The Global Investors' Meet planned during 7-8 June 2012.
With India going on a massive modernization programme of the Armed Forces and internal security becoming a focus area for the country, the opportunities for the defence and aerospace industry has exploded. India has emerged as one of the top ten defence markets in the world.
While MSMEs have become a strong area for a growing economy like India, Veerabhadra Singh, Minister for MSMEs, Government of India, said the MSMEs play a vital role in the economic development of a country and are the key drivers of long term sustainable growth. The very fact that there are 26 million units in India, employing around 59 million people and accounting for 45% of manufacturing output and 40% exports, exhibits the importance of this sector.
M M Pallam Raju, Minister of State for Defence, Government of India, in his address said the MSME DEFEXPO 2012 aims to bring the best technological advancements and provide a platform to Indian MSMEs to market their capabilities in the defence sector. "MSMEs have inherent strength for innovation and they can play a very important role in the aerospace and defence industry because of low scale of economies and high levels of knowledge," Shri Raju added.
R K MAthur, Secretary, Ministry of MSME, Government of India, while delivering the keynote address highlighted the opportunities available to MSMEs from the 20% government procurement policy and offset policies. He also unveiled the NSIC Technology Directory which will benefit the potential entrepreneurs.
It was well attended by MNCs from Defence Sector, Defence PSUs, DRDO and Research & Development and Industry.
Organised by the National Small Industries Corporation (NSIC) and supported by the Karnataka Government and various Industry associations of Karnataka, the MSME DEFEXPO 2012 is expected to boost International MSME sub-contracting and supply chain. There are over 240 exhibitors exhibiting their products and services. All the world's leading players in defence, aerospace and homeland security equipment and systems such as Star defence, IAI, ELBIT, SAAB, Boeing, Honeywell, Rolls Royce, MOOG, Raytheon, Lockheed, Martin, defence PSUs such as HAL, BEL, BEML, NAL, ISRO, etc., and other MSMEs from representing all industry sectors are participating. High profile official delegations from many countries such as US, UK, Israel, South Africa, Japan, Rwanda, etc., have scheduled their visits to the exhibition.
A technical workshop on 'Local strengths for a global reach': 'The Indian SME transformation' by KPMG on Aerospace and Defence sector in India is organized on March 3, 2012 in the pre lunch session a seminar on 'Homeland Security' by BCIC on the same day post lunch session. The event will conclude on 4th March 2012.
Karnataka beacons Defence MSME companies at DEFEXPO 2012 - India News