
  
  <p style="text-align:justify;">
  India's aerospace and defence sector is at critical juncture today. The country's capital expenditure
for defence procurement is expected to exceed $250 billion over next 10 years, primarily to replace
soviet-era vintage equipment. Faced with challenges of military belligerence around its immediate
neighbourhood, the Government of India is taking steps to bolster position as a major aerospace and
defence power.
  </p>
  <p style="text-align:justify;">
  The Government of India, over the past few years, has demonstrated its commitment towards the
development of indigenous defence manufacturing capabilities by launching and promoting the
Make in India initiative for the defence sector. However, a whole lot more is required to be done to
facilitate growth in this area. If India is to achieve the long -standing goal of 70% indigenisation in
the defence sector, private enterprises must be given equal opportunity to participate in the
manufacturing process. This can be accomplished only through the creation of a vibrant and
balanced defence production ecosystem, such that private enterprise is incentivised to develop large
scale R&D and manufacturing capabilities.
  </p>
  <p style="text-align:justify;">
  The objective of the ASSOCHAM National Council on Aerospace & Defence is to provide valuable
inputs and suggestions on behalf of Industry for policy change in the Aerospace & Defence sector
towards facilitating a industry-friendly environment. Through policy advocacy, conferences,
seminars, council meetings, strategy papers, recommendations, etc, ASSOCHAM will pursue these
objectives along with government's policy to accommodate and drive the high growth of the
Aerospace & Defence Sector.
  </p>