Strong support in recruitment
M+V is very professional in India HR market. They were able to provide us with strong support in our recruitment. We are satisfied with their service.
With the incubation solution from Maier + Vidorno , we successfully placed our products in the Indian market and established valuable product market presence, which we can now build on further with our subsidiary
BIS registration project
The BIS registration project went smooth and efficient. We are very satisfied with the way the documentation, communication and inspection on-site was handled from the Maier+ Vidorno Team. We are happy to recommend working with M+V in India – with the expert’s advice you will need.
India has great investment potential for foreign companies if you manage the highly complex business environment professionally. Our experience shows – Maier+Vidorno is a competent partner to efficiently set up and run business.
Market Presence and Profitability
The cooperation of JUMO and Maier+Vidorno is a success story in India since 2008. Our sales, market presence and profitability in India shows constant growth. M+V knows about the challenges foreign companies face while doing business in India – and provides hands-on solutions.
Business Diagnostic and Implement Improvement
Maier+Vidorno understands business challenges in the Indian business environment and provides solutions with the help of its experts. M+V has experience in running business diagnostics and implement improvement and expansion strategies in various industries in India.
In an attempt to improve the quality of weapons and to promote domestic production, India is changing its laws to open Defence equipment manufacturing to the private sector. For the past 70 years, the country had only allowed government-owned enterprises to make weapons. This marks a milestone for Aerospace and Defence manufacturers and will attract plenty of foreign investment. The Indian Defence ministry released a strategic partnership policy to promote partnerships between Indian Private Sector companies and foreign companies, wherein the foreign partners would bring in advanced technology and manufacture in India. Currently, India buys almost 70% of its weapons from overseas, which leaves plenty of room for growth for the domestic production. The policy is aimed to minimize dependence on imports and infuse self-sufficiency in Defence manufacturing. Single-engine fighter aircraft, light armored helicopters, submarines, main battle tanks and armored fighting vehicles are the categories initially opened for bidding by such strategic partnerships.
Within the defense sector, Defence electronics have emerged as a key market. As per estimates from India Electronics and Semiconductor Association (IESA) president M. N. Vidyashankar today, of the $42.2 billion Defence budget, Defence electronics was allocated about $6.25 billion. The Aerospace and Defence electronics market in India is projected to be around $72 billion by the next decade. IESA, along with the National Association of Software and Services Companies (Nasscom) have put together draft recommendations on a “Defence Electronics Policy“ they hope the government will implement in a timely manner in order to enhance the development of the sector. The release of the Defence Procurement Procedure (DPP) in 2016 has already bought major shift that has impacted the overall supply chain dynamics. Many private sector companies have since ventured into the Defence sector and actively seeking foreign partnerships. Some recent strategic partnerships include;
One specific location for India’s future Defence industry is already on the rise. A very likely hub seems to be Hyderabad, capital of the state Telangana and home to India’s first private sector missile manufacturing facility. As several global giants have joined hand with Indian companies to set up manufacturing units, Industry leaders say that the city has become the centre for implementing the Make in India initiative. With the set-up of Kalyani Rafael Advanced Systems (KRAS), a joint venture between Israel’s Rafael Advanced Defense Systems Limited and Kalyani Strategic Systems, Telangana Industry Minister KT Rama Rao believes KRAS will propel the Defence electronic manufacturing eco system in Hyderabad to the next level, noting that “Hyderabad has all the trappings to become the number one destination for Defence and Defence electronics”. Other states are also in line with states like Haryana and Tamil Nadu among others working on rolling out Aerospace and Defence policies.
India being the third largest armed forces in the world and largest Defence importer is a market offering opportunities that are too good to be ignored as per foreign companies. The opening of the Defence sector to private investors will aid foreign firms to form strategic partnerships with domestic companies and introduce modern technology to India. Both Aerospace & Defence sectors offer a vast variety of investment. Moreover, governmental initiatives, such as the “Make in India” campaign and focus on indigenous manufacture of Defence requirements further support the industries to develop at a fast pace. The policies by the Indian government are generally aligned with their long-term goal of making the country a favorable Defence manufacturing hub.
For industry statistics, industry events and more news on the Aerospace & Defence Industry in India, click Aerospace & Defence Industry Expertise.