- The Economic Times
Aerospace & Defence: How MSMEs can build a sustainable business
The Indian defence sector has come off age with refreshing policy shifts over the last 2-3 years. As the country looks to build indigenous defence industrial capability and reduce dependence on imports, how can MSMEs benefit and build a sustainable defence business?
A multi-billion dollar sector, the Indian aerospace and defence (A&D) sector is a focus market for many global A&D companies.
The Indian market is also attractive for domestic industrial product conglomerates aspiring to achieve non-linear growth via positions across the A&D value chain across platforms.
This is a result of tightening of defence budgets in Western countries, while countries like India and Saudi Arabia continue to spend ever increasing amounts on defence.