SP's Show News Defexpo 2010 - Day 2

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sHOWnEWS DAY-2

SP’s

Tue.16 Feb. 2010

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A LAND & NAVAL SYSTEMS EXHIBITION

SEE YOU AT HALL NO. 14, STAND NO.14.1, FEB 15-18

AN SP GUIDE PUBLICATION

DEFEXPO INDIA 2010 OFFICIAL DAILY

PUBLISHERS OF: SP’S MILITARY YEARBOOK, SP’S AVIATION, SP’S AIRBUZ, SP’S LAND FORCES & SP’S NAVAL FORCES

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India to make 15-year arms procurement plan public

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DEFENCE MINISTER A.K. ANTONY INAUGURATES THE SHOW (LEFT) AND VISITS THE SP’S STALL IN HALL 14

By Vishal Thapar

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Mercury Rising

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uch sought after by the armed forces, India will soon publish the ’Technology Perspective and Capability Roadmap’ delineating India’s military requirements over the next 15 years. Defence Minister A.K. Antony made the declaration while inaugurating Defexpo India 2010, the sixth Land and Naval Systems Defence Exhibition in Delhi on Monday. A key indicator of the defence industry’s requirements, the roadmap will “make our Defence Procurement Procedure (DPP) transparent and speed up the process”, Antony said. The capability roadmap will be put on the Ministry of Defence website. India will continue to substantially increase the budget for military modernisation. “India’s defence expenditure is about 2.5 per cent of its

GDP. The Indian economy is expected to grow at 8 to 10 per cent for the next two decades. Expenditure on defence in absolute terms is bound to increase in equal proportion,” the Minister said, brandishing a carrot for the defence industry. Policy initiatives are being taken to build a strong defence industrial base in India to put an end to excessive dependence on foreign suppliers. A new Defence Production Policy is on the way and Continued on page 6

Exclusive to SP’s

Flying the F18 Super Hornet... well, almost!

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FIRST LOOK

MINE PROTECTED VEHICLE INDIA by BAE Systems and Mahindra & Mahindra JV By Sucheta Das Mohapatra

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n the first day of Defexpo India 2010, the newly formed joint venture company of Mahindra & Mahindra Limited and BAE Systems unveiled

the Mine Protected Vehicle India (MPVI). First product of the joint venture company, the MPVI will meet the requirements of both the Indian armed and Continued on page 10

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February 16, 2010

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