IAF to procure equipment, platforms worth $150 bn

New Delhi, Nov 6 (IANS) The Indian Air Force will procure $150 billion worth of equipment and platforms in the next 15 years.

Giving this bit of information, Air Marshal P.P. Reddy, director general, inspection and safety, Wednesday said the Indian industry requires tax holidays and a more friendly import and export regime.

Research and Develpment funds should also be made available to the private sector companies, Air Marshal Reddy said while speaking at the inaugural session of 8th International Conference on Energising Indian Aerospace Industry.

Aircraft, engines and equipment absorb the major chunk of the air force's capital budget.

S.K. Mittal, general manager, business development, Hindustan Aeronautics Limited, said the best of the aerospace technologies have to developed.

Most of the raw material is being imported and this trend needs to be reversed. Certification of airworthiness was also a challenge, he added.

Air Marshal Vinod Patney (retd), director, Centre for Air Power Studies (CAPS), said India could not become a major power without a flourishing aerospace industry.

"SMEs have not enjoyed the benefits of defence offsets and government support. Therefore, SMEs should get due attention from the government as well as large-scale companies," he said.

"The business model must undergo change. The FDI limit should be relaxed and private sector's greater involvement is required," Air Marshal Patney added.

Satish Kaura, chairman of Samtel Group and co-chairman of CII National Committee on Defence and Aerospace, said there was a need to have an effective mechanism for transfer of technology in place.

"We will have to focus on capacity building with the aim of emerging as a defence and aerospace export hub. We will have to make sure that Indian SMEs should become a part of the global supply chains of major defence equipment producers by leveraging the cost arbitrage in component designing and manufacturing in India," Kaura said.

Anjan Das, executive director, CII, said the R&D component, as per the government's definition, constituted a negligible portion of the overall spending on product development, testing, trials, pre-commercial production of Indian companies.

"The tax rebate needs to be more broad-based and should also cover cost involved beyond research as well. All the stakeholders should give more priority to aerospace and defence R&D and manufacturing as an integrated piece to ensure orders to industry that puts money in R&D."

Global partnerships in co-development and co-manufacturing will be the key, Das said.

The conference was co-organised by CII and CAPS in association with the Indian Air Force.

Matches

MORE TOP STORIES TODAY

On Now: Kolkata vs Bangalore

On Now: Kolkata vs Bangalore

IPL 7, GAME 11—Aaron's spell restricts Kolkata to 150-7. More »

Kolkata bowling vs Bangalore batting might

Kolkata bowling vs Bangalore batting might

The likely return of Gayle will boost Bangalore, but the result could be determined by Kolkata's bowlers. More »

Boycotting IPL will not save cricket

Boycotting IPL will not save cricket

Boycotting the IPL as a means of protest against the grime in the game may not yield the desired results. More »

Gambhir a knock away from striking form - KKR coach

Gambhir a knock away from striking form - KKR coach

Gautam made an eight-ball duck in the opening game against Mumbai and in the second game against Delhi, he lasted only half those balls. More »

Rivals say Srini group delaying BCCI special general meeting

Rivals say Srini group delaying BCCI special general meeting

The group opposed to Srinivasan alleged that since BCCI secretary Sanjay Patel belongs to the president’s group, he was intentionally delaying the SGM… More »

April 24: A legend is born

As Sachin Tendulkar turns 41 - here's a look at some offbeat moments from the Master Blaster's innings. More »

Jadeja spins out Rajasthan in close chase

Jadeja spins out Rajasthan in close chase

IPL 7, GAME 10—Chennai beat Rajasthan by 7 runs after last-over scare. More »

Cleaning up the game starts with fans

Cleaning up the game starts with fans

... because, as recent events reveal, the BCCI has little intention of doing it. More »

SL in 'difficult place' after Farbrace exit

SL in 'difficult place' after Farbrace exit

Sri Lanka depart for assignments in Ireland and England in two weeks, and Sanath Jayasuriya suggested Marvan Atapattu would be interim head coach for those… More »

Vithanage, Priyanjan get T20 call-ups

Vithanage, Priyanjan get T20 call-ups

Herath has been rested, while the team will be without the veteran pair of Mahela Jayawardene and Kumar Sangakkara, who retired from T20 internationals… More »

Chandimal axed as T20 captain

Chandimal axed as T20 captain

Sri Lanka's cricket selectors on Wednesday sacked Dinesh Chandimal as Twenty20 captain and replaced him with Lasith Malinga, while Angelo Mathews was… More »

'BCCI should have picked panel with care'

'BCCI should have picked panel with care'

Dalmiya said that it was the first time that the BCCI had been faced with a situation where the apex court had hauled up the Board and it should have acted… More »

Farbrace is England's assistant coach

Farbrace is England's assistant coach

The ECB continued the restructuring of the England coaching set-up on Wednesday by announcing the appointment of Paul Farbrace as assistant coach. More »

SC asks Mudgal committee to continue

SC asks Mudgal committee to continue

Mukul Mudgal has communicated to the court his willingness to take up the investigation and has been asked to specify the terms and modalities on April… More »

Sri Lanka players resolve pay dispute

Sri Lanka players resolve pay dispute

The pay dispute between Sri Lanka Cricket and its 13 contracted players ended on Wednesday when the latter agreed to accept 10 percent of the participation… More »

Hope to be fit for next game - Pietersen

Hope to be fit for next game - Pietersen

With two heavy defeats at the hands of Bangalore and Chennai, Daredevils currently languish near the bottom of the table. More »

'SC decision could hurt BCCI's status'

'SC decision could hurt BCCI's status'

The Supreme Court prefers that the Justice Mudgal panel further investigate the IPL corruption scandal. More »

Mudgal panel drops bombshell in court

Mudgal panel drops bombshell in court

The Mukul Mudgal probe committee dropped a bombshell in the Supreme Court on Tuesday by making a sensational claim that it was forced to stop audio recording… More »

Perfect Punjab trounce Hyderabad

Perfect Punjab trounce Hyderabad

IPL7, GAME 9—Maxwell (95, 43b), Balaji (4-13) set up 72-run win. More »

Have the ECB played an unfair game?

Have the ECB played an unfair game?

Money talks, but it is in light of this ICC shakeup that the ECB's act of soliciting of another team's coach deteriorates from free-market aggression to… More »

Farbrace quits for England post

Farbrace quits for England post

He will assist Peter Moores who was unveiled as the new England coach on Saturday. More »

Moin appointed to manage Pakistan team

Moin appointed to manage Pakistan team

Pakistan on Monday reappointed Moin Khan as chief selector and manager of the national team, a week after fellow former captain Rashid Latif turned down… More »

Chennai smash Delhi for first win

Chennai smash Delhi for first win

IPL7, MATCH 8—Raina-led middle order, superlative catching give CSK a 93-run win. More »

'BCCI reputation lowest in 80 years'

'BCCI reputation lowest in 80 years'

The former BCCI president says he was "disillusioned" by the happenings at the emergent working committee meeting on Sunday. More »