New avenues of opportunity are expected to open up for small and medium enterprises (SMEs) in the Indian aerospace and defence equipment sector, The Economic Times reports. This comes in the wake of India choosing France’s Dassault Aviation and its Rafale fighter aircraft for the Indian Air Force (IAF) - a USD 11 billion order for 126 combat planes.
S Ravinarayanan, head of FICCI’s (Federation of Indian Chambers of Commerce and Industry) defence offsets task force and Axis Aerospace Chairman, announced that a confirmation of the order will lead to Dassault discharging USD 8 billion worth of offset contracts to the Indian aerospace and defence equipment industry, which presently comprises of about 400 SMEs. Here's a list of SMEs that are expected to be the major beneficiaries going forward,
1. Maini Precision Products: Maini Precision Products, located near Bangalore, specializes in manufacturing aircrafts and defence equipment. Maini is all set to provide Dassault with critical components for wings, fuel pumps, pylons as well as the cylinders for fighter jets.
2. Data Patterns: This Chennai-based company specializes in avionics, and is looking forward to provide accessories that control all aspects of aircraft engine performance, as well as navigation systems and mission computers.
3. SEC Industries: SEC Industries, based in Hyderabad, specializes in manufacturing. It is under consideration for providing nose cones, weapon systems as well as landing gears to Dassault.
4. Infotech Industries: Engineering and design is the specialty of this Hyderabad-based enterprise. It is being considered for the supply of engineering and defence-related business processes as well as IT services to Dassault.
5. Axis Aerospace & Technologies : Axis Aerospace & Technologies, headquartered at Bangalore, specializes in providing lifecycle support systems. It is looking forward to help Dassault establish a design and training centre. These SMEs are already considering the Rafale program partners as their major clients, and are under consideration for lucrative orders.