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Make In India, a valuable opportunity for entrepreneurs: Bhamre

Press Trust of India  |  New Delhi 

The 'Make in India' initiative provides "a valuable opportunity" to French and Indian entrepreneurs to enter the manufacturing field in India, Bhamre said today.

Speaking at a day-long conference on 'Indo-French Defence and Cooperation' in New Delhi, the Union for defence said the medium, small and micro enterprises in are capable of contributing to the global

"The initiative offers a valuable opportunity to the French and Indian enterprises to enter into production of in "

In India's "quest" for self-reliance in defence and aerospace, the challenge is to bridge the technological gaps, he said.

Counting the factors favouring India including "colossal" requirement, strength of small and medium sector enterprises and a young, skilled manpower, Bhamre said "the opportunities are phenomenal for any country willing to partner with India."

To optimise the opportunities, all stakeholders should commence engagement in the process of design and development. The experience of French industry will help India in developing an ecosystem and prepare a covering a wide range of technologies, he said.

The two sides represented by the French industries association and the (SIDM) signed an MoU for further cooperation.

The two bodies will help one another in tapping opportunities existing in the two countries, in defence and sector, said Subrata Saha, of SIDM.

"We are going to find the right partners and inform them of the opportunities that exist here. In turn, the will inform us about opportunities are available for Indian industries to plug into their supply chains.

"SIDM will also be helped by GIFAS in guiding the local MSMEs get validated and measure up to the standards of the global "

A GIFAS industrial delegation led by its is on a visit to India to interact with local players to further defence and

The 80-member delegation includes major aviation and like Airbus, ArianeGroup, Dassault Aviation, MBDA, and The delegation will participate in a series of events in Delhi, Mumbai, and Bengaluru, till April 19.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 20:20 IST