Emerging markets, shrinking defence budgets, constant technological advances, increasing regulation and evolving threats to national security have all fueled a chaotic aerospace and defence market
As the nature of security and defence moves towards smart technologies, to master this industry, manufacturers and contractors require strategically focused leaders to engage new markets and deliver innovative products on tighter budgets.
For the established multinational passenger jet manufacturers, scaling production to meet a backlog of orders and rising demand remains their biggest challenge. This has opened a gap for innovative small businesses to gain access to these international programs.
India has one of the largest armed forces in the world, but produces little of its own military equipment.
Building a strong aerospace and defence sector is high on India’s agenda in order to upgrade existing capabilities and reduce reliance on imports. To achieve this the government is working to improve transparency in procurement and increase foreign investment limits in a bid to attract manufacturers to India.
Odgers Berndtson has the local knowledge and the international defence sector expertise to serve the needs of this expanding industry in India.