The Farnborough International Airshow (FIAS) 2024 has proven to be a pivotal event for solidifying the India-UK defence corridor.
The Small Industries Development Bank of India (SIDBI) and the UK Defence and Security Exports (UKDSE) have initiated a strategic partnership aimed at fostering collaborations and partnerships between the two nations' defence industries.
The first day of the visit saw fruitful discussions between Indian and UK-based companies, focusing on potential defence production collaborations, technology partnerships, trade missions, and policy frameworks to streamline defence business. This collaboration aligns with India's ambitious "Atmanirbhar Bharat" (Self-Reliant India) and "Make in India" initiatives, which seek to bolster domestic defence capabilities and manufacturing.
The FIAS, a biennial global aerospace event, provides an ideal platform for India to engage with international partners and showcase its indigenous defence technologies. With India's substantial defence budget of $574 billion, the country is actively seeking next-generation technological solutions to address its diverse operational needs.
Indian government agencies such as the DRDO and HAL have traditionally utilized platforms like FIAS to exhibit their advancements in fighter aircraft, helicopters, and missile technologies. This year, HAL is expected to showcase variants of its Advanced Light Helicopter (ALH) and Light Combat Aircraft (LCA) Tejas, potentially attracting international interest and export opportunities.
The successful showcasing of the BrahMos missile, a joint venture between India and Russia, at previous international airshows underscores the potential for India to forge successful collaborations with global partners. The FIAS provides a unique opportunity for Indian firms to explore joint ventures, co-development projects, and technology transfers, accelerating the modernization of India's defence capabilities.
To maximize the benefits of FIAS, India's defence industry should focus on:
- Strengthening international ties: Engaging in high-level diplomatic and defence discussions with global counterparts.
- Promoting indigenous innovations: Showcasing India's advancements in niche areas like information technology and space technology.
- Exploring joint ventures and co-development: Collaborating on projects that align with India's strategic needs.
- Learning from best practices: Observing and adapting global best practices in defence manufacturing and technology.
- Securing defence deals: Actively negotiating and finalizing contracts for the sale of Indian products and services.
