ISB, PwC arm to set up defence industry think-tank

The Indian School of Business (ISB) and Strategy&, a part of PwC network, today entered into a partnership to set up a defence industry think-tank.
The agreement is between the Munjal Institute of Global Manufacturing of the Hero MotoCorp Group at ISB and Strategy&, the Hyderabad-based B-school said in a statement.
The think-tank will focus on engaging with the domestic companies on strategy, go-to-market approaches and government policy, and will help large corporates seeking to grow their defence revenue, foreign players looking to credibly enter the domestic market, and MSMEs wanting to play an increasing role in the defence value chain.

"The academic rigor at ISB and market insights from Strategy& are being brought together through this collaboration to provide access to ground-breaking R&D of key issues to industry players against the backdrop of the government's thrust on local manufacturing with focus on local aerospace and defence production," said Pradeep Singh, Deputy Dean of ISB and Chief Executive of ISB Mohali Campus.
As per Strategy& estimates, the domestic defence capital expenditure is estimated to increase by 8-10 per cent annually till 2020, with the scope for private sector expanding significantly across the tiered value chain.