Indian Defence and aerospace sector to offer US $200 billion business opportunity

The Indian defence and aerospace industry will offer business opportunity in the range of USD 200 billion in the next 15 years, former Secretary, Department of Defence Research and Development V K Saraswat said on Thursday. Out of this, USD 30 billion would be by way of offsets alone, he told reporters on the sidelines of 'Defence and Aerosupply India', a three-day industry conclave which began on Wednesday. He stressed on developing technological prowess in the country rather than excessively depending on others. …