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Defence

 Defence 

  • India, one of the leading importers of the defence products and services has second largest armed forces in the world. It plans to spend USD 130 billion on military modernizations in the next 5 years, as achieving self-reliance in defence production.
  • Enhancing self-reliance in defence production - Indigenization of imported spares, separate budget provisioning for domestic capital procurement. These steps will improve autonomy, accountability and efficiency in the sector that have the potential to generate wealth, employment and strategic benefits in the long-run.
  • With a strong focus on digital transformation and its strength in information technology & software development, India seeking to collaborate with Danish companies to develop cutting-edge military technology.
  • Recently, Govt. of India has raised the FDI limit in the defence manufacturing under automatic route from 49% to 74%. It offers countless opportunities for Danish defence companies to strategically enter the Indian market under “Make in India” campaign.
  • As part of the policy reforms to fast-track investments, Govt. of India is committed for time-bound defence procurement process and faster decision making will be ushered in by overhauling the procedures.
  • For more information, please contact: Paras Gupta, Commercial Head - Transport & Infrastructure Sector at pargup@um.dk

The Trade Council can be contacted Monday-Thursday between 9:00-16:30 and Friday between 9:00-16:00.

 

Contact details 

 

Meetings only by prior arrangement.