SP's Show News Defexpo 2010 - Day 1

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sHOWnEWS DAY-1

SP’s

MON.15 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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DEFEXPO 2010 OPENS India’s projected arms spend: $100 bn over 10 years By Vishal Thapar

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8 CONGRATULATIONS!

Decisively sweeping away earlier scepticism emanating from certain quarters about the very planning and implementation of this year’s chapter of the Defexpo, the event has emerged with a resounding bang under the remarkable steersmanship of the Defence Exhibition Organisation (DEO). Assuming the mantle of the sole organiser of this international event, DEO (a wing of the Ministry of Defence) has infused every single administerial procedure of Defexpo 2010—from exhibitor registration to website (http://www.defexpoindia.in/) development—with admirable professionalism and flawless execution. SP’s congratulates the DEO for this remarkable feat and looks forward to four days of engrossing and unhindered industrial and business exchange!

ize, evidently, does matter. And India is making a statement about the size of its defence market at the sixth edition of Defexpo, the biennial Land and Naval Defence Systems Exhibition, which is being touted as largest defence exposition in Asia. Industry estimates peg India’s arms spend at $100 billion (Rs 4,62,850 crore) over the next 10 years. “The Boeing-addressable business alone is $31 billion (Rs 1,43,917.5 crore) in the next 10 years,” declares Dr Vivek Lall, Vice President of Boeing Defence, Space and Security. With Defence Minister A.K. Antony flagging off the four-day event today, the arms bazaar has descended on Delhi. A whopping 650 exhibitors from 33 countries will flog their wares to the Indian armed forces, now clearly spoilt for choice. Israel, which is rapidly challenging Russia’s pre-eminence as the principal arms supplier to India, is the largest exhibiting nation in terms of the area covered at Defexpo. Also making rapid inroads is the US, which has the maximum number of participants. Even while defence industry majors jostle for the attention of the decision makers, a glimpse of the booming business in the background is the international contest for two multi-billion dollar tenders for 400 towed artillery guns and 197 utility helicopters, trials for which are set to begin. Homeland security and space are set to emerge as the next big money spinners. India hopes its domestic industry smells the opportunity and uses Defexpo as a platform for striking partnerships

Straight Talk

‘L1 key

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criterion for procurement’ DR M.M. PALLAM RAJU MINISTER OF STATE FOR DEFENCE

with world leaders. “The large turnout indicates the keenness of the international defence industry to have a base out of India,” says Dr M.M. Pallam Raju, the Minister of State for Defence. Availability of money is the biggest motivator. This year alone, out of the Defence Budget of Continued on page 20

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February 15, 2010

SP’S SHOWNEWS


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