324: AEROINDIA 2023: Impressions & Inferences (From ‘Importer’ to ‘make for the world’)

 

 

Theme

 “The Runway to a Billion Opportunities”

 

FUTURE: Defence exporter / Make for the World

 

INDIA: Dream Big

Defence Importer to Production Partner to Defence Supplier

 

Above mentioned thought got trolled.

    • Daydreaming.
    • Trying to run before learning how to walk
    • Fancy Ideas without supporting resources, technology, finances and willpower.
    • Meaningless slogans.

 

“The new India of the 21st century will no longer lose any opportunity nor will there be any shortage of hard work. Today’s India thinks fast, thinks far and takes quick decisions.”

– Shri N Modi,  PM of India

 

Growth mindset thoughts

All big things start with an idea.

It is necessary to have a VISION.

Decision-making and calculated risk-taking are essential ingredients for success.

All successful journeys start with small steps.

Failures are part of every process – learn from them, make corrections and move on.

 

Bottom Line

The vision can be achieved by implementing the process in phases, not necessarily sequentially but in parallel. 

 

PAST – Defence Importer.

 

    • India had the dubious record of being one of the largest defence importer.

 

    • Last decade or so the thought process has changed in this regard.

 

    • Emphasis has been on self-reliance / atmanirbharta.

 

    • However the progress had been slow due to various reasons.

 

PRESENT – Make in India.

 

  • The pace of self-reliance has picked up in the last few years.

 

  • The Ukraine war and the Pandemic have re-emphasised the lesson about being self-reliant and have acted as a catalyst to the process.

 

  • China’s belligerent attitude and actions toward the world at large and towards India, in particular,  have added to the urgency of implementing it.

 

 

Aero India 2023: Efforts towards the cause.

 

  • All the activities of Aero India 2023 (including events, Seminars, air displays, static displays and stalls) are planned towards the cause of self-reliance, make in India, arms export and projecting India as a manufacturing hub.

 

  • Read more about the Aims and Focus of Aero India 2023 here:- https://55nda.com/blogs/anil-khosla/2023/02/13/aeroindia-2023-impressions-inferences-1-3/

 

  • Three events being chaired by RM towards this cause are as follows:-

 

  1. Round table conference with CEOs of aerospace and defence industry on 13 Feb 23 (Chaired by RM).

 

    • 70+ Chief Executive Officers (from 26 countries) of global and Indian original equipment manufacturers (including Boeing, Lockheed, Israel Aerospace Industries, General Atomics, Liebherr Group, Raytheon Technologies, Safran, General Authority of Military Industries (GAMI) as well as domestic PSUs like HAL, BEL, BDL, BEML) are expected to attend the conference.  

    • The event aims to integrate domestic MSMEs and startups in the global supply chain and attract foreign investments including partnerships for co-development and co-production.

 

2.RM will chair Defence Ministers Conclave on 14 Feb 23.

 

    • Defence Ministers from 32 countries would attend this event.
  •  
    • The conclave would be an opportunity for defence ministers of all foreign-friendly countries and India to engage with each other.

 

    • The theme of the Conclave is the broad theme ‘Shared Prosperity through Enhanced Engagements in Defence (SPEED). 

 

    • The conclave would address aspects related to defence cooperation, capacity building (through investments, R&D, joint venture, co-development, co-production and provisioning of defence equipment), training, space, AI and maritime security etc.

 

3. Bandhan Ceremony On 15 Feb 23.

    • This ceremony will witness the signing of MoUs, agreements, major announcements, and product launches.

 

    • Two hundred and fifty +,  MoUs, with an expected investment of Rs 75,000 crore, are likely to be signed between various Indian and foreign defence companies.

 

Achievement of Dream: Way Ahead

 

  • Becoming a defence exporter would not be an easy task. One has to compete with already established arms manufacturers. A holistic look and approach would be required to venture into the international arena.

 

  • Some of the aspects that would need attention are:-

 

    • Suitable and efficient manufacturing ecosystem (Mil Users + Academia + R&D org + Manufacturers both civil and military in the private and public sector).

 

    • Suitable and efficient organisation to promote defence equipment export.

 

    • Policies to enhance ease of doing business.

 

    • Aesthetics, quality of product and attention to detail.

 

    •  Safety aspects and reliability of the product.

 

    • Working ethos and culture (teamwork).

 

    • Infrastructural support.Post-sale

 

    • Post sale support and sustainability.

 

    • Punctuality and meeting of promised datelines.

 

    • Competitive costing.

 

    • Responsibility as an integrator.

 

    • Production capacity.

 

    • Astute project management.

 

    • Induction and utilisation by domestic users.

 

    • Media trials and warfare.

 

 India aims to boost defence export from $1.5 billion to $5 billion by 2024-25

 

More coming up(IAF and airshow)…..

 

Suggestions and value additions are most welcome

 

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References and credits

To all the online sites and channels.

 

Disclaimer:

Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.

 

319: Youth Parliament: Chatra Sansad

YOUTH PARLIAMENT OF INDIA  – A FORUM FOR DEMOCRATIC DIALOGUES

Youth Parliament (छात्र संसद) is a great initiative for the school and college students to interrogate the present, to learn from the past and to prepare the future of India…

 

Objective

With an objective of strengthening democracy and to enable the student community to understand the working of our parliament the Youth Parliament of India is being organised.

 

Vision

To create a forum where various stakeholders of the society can interact and debate upon various political and social issues and strives to create a path to the solution for the same.

 

Mission

To expose the youth to politics, dialogue and democracy and provide them a platform to understand and serve the society.

 

The inaugural function was organised and conducted very well.

 

Different panels took up the following agendas for discussions to arrive at viable solutions.

 

  • National Commission for Women: Discussing the Status of Women in the Workplace.

 

  • Rajya Sabha:  Discussions on the  Extent and  Applications of the  Weapons of  Mass Destructions and their Delivery Systems (Prohibition of  Unlawful  Activities Bill) 2022.

 

  • Lok Sabha: Discussion on  Declaring the  Indian  Ocean a  Zone of  Peace and Reviewing the Armed Forces Special Powers  Act.

 

  • All India Political Parties Meet: Discussion & Review of Freedom of Speech & Expression with reference to Freedom of Press.

 

  • Central Bureau of Investigation:  Review of the Increase in  Economic  Crime and  the  Increase of Corruption and  Fraud committed by public servants of all  Central  Government  Departments and Central Finance Institutions.

 

Excerpt of Motivational Talk at the inauguration ceremony.

 

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References and credits

To all the online sites and channels.

Disclaimer:

Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.

318: Budget 2023-24

 

BUDGET AT A GLANCE
2023-2024

(Click on the link above)

 

Key Features of
Budget 2023-2024
(Click on the link above)

 

Personal Income Tax Announcements  Budget   2023

  • People earning up to 7 lakh will not have to pay any tax under new tax regime
  • New tax regime slabs reduced to 5
  • Standard Deduction 52.5k in new tax regime
  • Highest surcharge rate from 37% to 25%
  • New Tax Regime default
  • Senior Citizens Savings Scheme increased from 15 lacs to 30 lacs
  • MIS Increased from 4.5 lacs to 9 lacs Single Account & 9 lacs to 15 lacs for Joint Account

 

Defence Budget

Continue reading “318: Budget 2023-24”