Financial crisis wont affect modernization of Indian armed forces

February 2nd, 2009 - 6:36 pm ICT by ANI  


New Delhi, Feb 2 (ANI): The global meltdown wont affect the modernization of the Indian armed forces or other defence programs, as these will go ahead as planned and required, said Pradeep Kumar, Secretary, Defence Production, on Monday.

Addressing a press conference on Aero India 2009 here on Monday, Kumar said there is no constraint of fund availability for the modernization of the armed forces. The International Aerospace Exhibition is to be held in Bengaluru from February 1115.

Indian defence programs or modernization of armed forces have not been scaled down in wake of the financial crisis and response for Aero India 2009 show is better is better this time with high level of interest shown by foreign as well as domestic companies, he said.

The seventh edition of Aero India, Asias premier air show, will be held in Bengaluru. In size and number this is going to be the biggest air show hosted by India, so far.

Aero India 2009 will provide an ideal window of opportunity for companies to not only network with the Indian Industry but also to benefit from the sharing of expertise in the fields of research and development production and product support with other global players, Kumar said.

A number of aircraft, including F-16, F-18, MiG-35D, Eurofighter, IJT, Dhruv, Hawk, C-17, Embraer 135 business jet Legacy 600, C-130J, Citation XLS,G 550, AN-12 Cargo and A-310 MRTT will be on display.

A 10 member Chinese delegation will be coming for the show for the first time. Defence Ministers of France, Peru, Bolivia, Surinam, Mongolia, Oman and Maldives will come to witness the show. Sixteen junior ministers and Air Force chiefs of 11 countries will also come for the Aero India 2009.

Aero India 2009 is organised by the Ministry of Defence and managed by the Confederation of Indian Industry (CII). It has already carved a niche for itself globally as a premier aerospace exhibition, with six successful editions organized between 1996 and 2007.

A total 592 exhibitors from 25 countries will participate in the show. Of them 303 are foreign companies and 289 are indigenous.

Germany and Italy are the largest participants with 31 company each coming to the show. The UK (26), Russia (24), USA (22), Australia (10), Belgium (17), Italy (19), Israel (11) are the other countries having large number of their companies coming to Aero India 2009.

The highlights of the Aero India 2009 will include business-to-business meetings and human resource focused activities, apart from a space pavilion. There will be structured business-to-business meetings to offer maximum business opportunities to participants.

To expose Indian human resource potential in Aero Space Sector, IIT Bombay, IIT Kanpur and IIT Madras and also various other engineering colleges will display student based project in Aero Space Sector, Kumar said. (ANI)

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