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Aerospace & Defense Manufacturing

U N L O C K I N G A S S A M ' S B U S I N E S S P O T E N T I A L   

India's Aerospace and Defence (A&D) sector is rapidly emerging as a global powerhouse, underscored by a significant increase in domestic production and expanding export capabilities. In FY 2023-24, domestic defence production reached USD 16.39 billion, marking a 174% growth since 2014-15, with the country now manufacturing 65% of its defence equipment locally. Noteworthy platforms such as the Light Combat Aircraft (LCA) Tejas, INS Vikrant, and the C-295 military transport aircraft highlight India's advanced technological and engineering prowess. Furthermore, defence exports have seen a spectacular increase, totalling $2.7 billion in FY 2023-24, a 30-fold rise over the past decade, enhancing India's stature in the international market. Strategic policy initiatives like the Defence Acquisition Procedure (DAP-2020), the Technology Development Fund (TDF), and the Innovations for Defence Excellence (iDEX) initiative have been instrumental in boosting private sector engagement and spurring innovation, positioning India on the path to becoming a leading player in the global aerospace and defence industry.

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