Indian Aerospace & Defence Manufacturing

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AeroDef India

Capital expenditure in India's aerospace and defence sector is projected to see substantial growth, primarily due to an increased focus on indigenous manufacturing. This initiative is set to generate long-term opportunities for private sector firms and MSMEs that supply raw materials, components, assemblies, and subassemblies, supporting the nation's ambition for self-reliance in defence production. This shift is aimed at enhancing the local supply chain and decreasing dependence on imports.

The Union Defence Budget for 2024-25 has been allocated at ₹621,941 crore (around USD 74.3 billion), reflecting a 4.78% increase from the prior fiscal year. This budget underscores India's commitment to modernizing its armed forces and advancing domestic defence production under the Aatmanirbhar Bharat initiative.

Delhi has been chosen as the venue for the AeroDef India Manufacturing Expo due to its significance as a central hub for the aerospace and defence sectors. As the headquarters of the Indian defence forces, Delhi plays a critical role in key decision-making processes concerning manufacturing, acquisitions, and upgrades in these domains. The region is home to numerous SMEs and major defence manufacturers, including DPSUs, OFBs, and both domestic and international companies, all of which have a strong presence in northern India.

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