BENGALURU: India on Wednesday wooed investors to capitalise on the ecosystem prevailing in the aerospace and other sectors and pitched for joint venture partnerships, saying it offered a big market in Defence manufacturing.
Defence Minister Nirmala Sitharaman made the pitch for investors seeking to give a big push for the ‘Make in India’ initiative at Asia’s premier air show which began at the Yelahanka air base, north of Bengaluru.
Eyeing India’s multi-billion dollar market, global defence majors are showcasing technologies and products including helicopters, fighter jets and transport aircraft at the five-day mega event. The event began on a sombre note, a day after two aircraft of Surya Kiran, Indian Air Force (IAF)’s aerobatics team, collided mid-air, killing a pilot and injuring two others who ejected to safety.
