IACC’s Aerospace Defense Forum was proud to be associated with prestigious NSIC MSME Defexpo 2012 held in Bangalore March 2 -4 2012 as a supporting partner. Given the importance of US Aerospace & Defense Industry and IACC’s close engagement with this segment both in India and USA at the MSME level, NSIC formally requested IACC to support their flagship event.
MSME DEFEXPO 2012 was an MSME Sub-contracting & Supply Exhibition for Defense, Aerospace and Homeland Security. It was platform for finding right partners, subcontracting opportunities and forging alliances. The 3-day event saw intensive interaction of MSMEs for business development with the leaders of defense and aerospace industry supply-chain together with industry partners.
Inaugural session of MSME Defexpo 2012 supported by IACC Aerospace & Defense Forum
Indigenous sourcing is a $36 billion market for Indian public and private sector firms. Moreover, India’s offset policy requires foreign vendors to plough back 30% of defense deals into Indian firms via offset contracts. This means another $25.2 billion in offset deals. Thus, total market size is $61.2 billion for Indian public and private sector companies.
At least 25% of offset contracts flow to Micro, Small and Medium enterprises. This means a $9 billion offset market forthem. Add to this another $10 billion (estimate) of purchases and sourcing from Indian defence PSUs, ordnance factories and the DRDO and the total market size for Indian MSMEs should be $19 billion during the 12th plan period.