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- Published: February 17, 2023 14:12
S K Narvar, Chairman of Capital India Corp, talks about Aero India 2023 and supports PM Modi’s views that it is more a show that displays India’s might and strength to the entire world.
Ques: What is the significance of Aero India 2023 in India’s business economy?
SK Narvar: As PM Modi mentioned during his inaugural speech, India’s might, and strength are displayed to the world. The 14th edition, Aero India 2023, depicts India’s advancement in the technological and manufacturing sector, focusing on the defence sector. The show displays indigenous technology and local businesses’ manufacturing prowess. The target to take defence exports from 1.5 billion to 5 billion by 2024-25 is a critical goal that will be met with such displays and interactions.
Ques: How will Aero India 2023 benefit global businesses?
SK Narvar: This year’s Aero India 2023 showcase demonstrates PM Modi’s vision of making India a global manufacturing hub. Defence sector needs high-end and sophisticated engineering capabilities, and the exhibition has on display Indian indigenous equipment and technologies. Foreign companies can look at direct purchases or joint ventures for their country’s requirements. It will further our “Make in India, Make for the World.” strategy.
Ques: Does the MSME sector have a business opportunity in this area?
SK Narvar: As PM Modi mentioned in his speech, India’s start-up and MSME’s capabilities are displayed at Aero India 2023, with around 100 nations participating in the show. With over 800 exhibitors, India’s Atmanirbhar Bharat pledge gets strengthened regularly. Start-ups, for example, in drones and other technologies like AI, can help the defence establishment create a secure future-ready environment. Moreover, high-end engineering and manufacturing in India can make us competitive in the global markets.
Ques: What message does India have for the world from Aero Show 2023?
SK Narvar: India’s message of Reform, Perform & Transform echoes Aero India’s theme well. As PM Modi commented, global investors and businesses are taking note of the reforms made to “Ease of Doing Business” in India. Be it reforms in FDI in the defence and other sectors and simplifying issuing licenses to industries, the growth of Indian business will be a natural outcome. The event adds another feather to India’s journey as a self-sufficient, developed, and future-looking progressive nation.